And 9 of those have even committed to lowering that carbon footprint. Furthermore, our banks have collectively issued a climate statement, an SDG-dialogue document, and an international covenant on human rights in project finance. They are key players in the Equator Principles, in carbon disclosure and divestment initiatives.
Interbank funding, especially in foreign currencies Despite its importance for distributing savings to their most valued use, shortterm interbank funding, especially cross border may turn out to be the Achilles’ heel of an international financial system that is subject to wide variations in financial confidence. This phenomenon, which is all too common in our domestic experience, may be particularly dangerous in an international setting.