I would just like to remind you that in terms of financing, the banking system plays a more important role in the euro area than in other major economies. The non-standard measures we have chosen are therefore directed mainly at banks. This means that the Eurosystem’s response to the crisis cannot be compared directly with those of other major central banks.
Therefore, it is important for financial institutions to conduct appropriate risk management based on the impact of climate change. However, a key feature of climate change issues is  8  that they are difficult to incorporate directly into existing risk management frameworks.