(2014), “On the optimal size of the financial sector,“ speech at the ECB Conference, Frankfurt, 2 September. See also Beck, T., Degryse, H. and C. Kneer (2014), “Is More Finance Better? Disentangling Intermediation and Size Effects of Financial Systems”, Journal of Financial Stability, 10(C), pp. 50–64.
We have heard from industry that key challenges include establishing appropriate scenarios, managing uncertainty, data availability, and capacity. The required disclosure will incentivise regulated entities to make progress on making robust long-term plans for responding to climate change and managing the emerging risks. Supervision Supervision is key to delivering on our climate strategy.