Vulnerabilties in the financial system The overall assessment of this Report is that risks and vulnerabilities in the financial system may be seen to have increased since the Financial Stability Report 2005 was published about a year ago. At that time, the major systemic vulnerabilities identified for financial stability were those arising from strong credit growth and rising indebtedness levels.
As Lyndon B. Johnson said, “yesterday is not ours to recover, but tomorrow is ours to win or lose”. [10] [1] Source: Munich Re NatCatSERVICE. To an extent, that increase also reflects a greater concentration of economic activity in regions vulnerable to natural hazards. [2] Intergovernmental Panel on Climate Change (2018), Special report – Global Warming of 1.5°C.