Incidentally, the same can be said for other central bank tasks, such as banking supervision, financial stability policy and providing the economy with cash and cashless payment facilities. This makes it all the more important for central banks to regularly exchange best practices. The EU twinning projects are an ideal platform for doing exactly that.
That’s why we must first gain a clearer understanding of how far climate change and protective measures affect the economy and the financial system. Both climate change and the transition to a less carbon-intensive economy may entail risks not only for enterprises in the real economy, but also for the financial sector.