More and better information will help companies and ﬁnancial institutions to improve their risk management and their decision-making more generally. This is also a precondition for a green transition that leverages the power of ﬁnancial markets. Thank you very much. Footnotes: 1. Galbraith, J. K. (1967), The New Industrial State, Hamish Hamilton, London. 2.
We have seen three elements of the global crisis come together, namely sovereign debt, a banking crisis, and the crisis of weak growth and rising unemployment, particularly among the young. There is also the increasing recognition that what is occurring is not simply a very deep economic crisis, but a fundamental shift in the balance of forces in the world.