Ladies and gentlemen, when looking into the future, we should also detect entirely new sources of risk as early as possible – those that do not show up in historical data. One example I am thinking of is the risks of climate change. Such risks were at the core of last year’s symposium.
The topics of green finance and sustainable finance have picked up an enormous amount of steam at all levels since then. I would particularly like to draw your attention to the report of the Network for Greening the Financial System (NGFS) group, which will be published on 17 April 2019. You might be aware that the Bundesbank is one of the NGFS’s founding members.