One of the first steps to enhance sustainable finance in the EU will be the completion of the EU Sustainable Finance Taxonomy. The Taxonomy is aimed at building a common definition of sustainability, and we will hear more about its importance later today.
6  The Bank of Mexico has performed stress tests for short-term macroeconomic shocks affecting financial variables and for a long-term credit stress shock. These exercises show the banking system is resilient to extreme disturbances. For further details, see Bank of Mexico, Reporte sobre el Sistema Financiero, October, 2011.