Successful innovations, if managed prudently, have always been important drivers of financial market developments. In the covered bond market, as in other market segments, I see “green” covered bonds as a promising innovation and transformation for the future, given the growing awareness among the general public that environmentally-friendly economic activities should be supported. 1/1  BIS central bankers' speeches
Graph 3  More broadly, though, the geopolitical concerns are creating considerable uncertainty about the future. This can be seen in measures of economic policy uncertainty constructed from news stories in leading media around the world (Graph 4).