Given the above, it would seem that it is very important to keep in mind the idea that any forecast is a working hypothesis, based on an understanding of the economy’s properties which is likely to continue evolving.
We need to ensure that national and regional requirements currently being put in place, can easily dovetail with the new global standards later on. Let me now talk about what supervisors could do to encourage climate investments. Supervisors expect financial institutions to manage their climate-related risks.