Legislative action on crypto-assets in general, and stablecoins in particular, would help promote responsible innovation and protect the financial system. 3/4  BIS - Central bankers' speeches  Climate-Related Financial Risks We are also working to understand financial risks related to climate change.
The role of such an institution will be to collate, analyze and report information regarding significant interactions on the markets and inter-institutional risk; investigate whether an institution is exposing the financial system to systemic risk; design and implement regulations; and coordinate with other regulatory institutions, including the fiscal authority, to resolve systemic crises that may emerge.