Asian Market Integration and Financial Innovation should, I believe, be our path to prosperity and stability. In what follows, I would like to set out my views on this theme, with a particular emphasis on the role of the central bank.
The potential cumulative effects of climate-related shocks as well as potential climate-related tipping points for the economy and financial system could reduce the accuracy of forecasts based on historical experience.16  Regional and Sectoral Differentiation in Projections of Revenues and Losses The consequences of climate change are likely to be highly differentiated by region and economic sector, which can bring both risks and opportunities for financial institutions.