Internationally, countries are now striving not only to overcome the global crisis but also to devise and put into place mechanisms to prevent its recurrence. Through the construction of a new financial regulatory framework, dubbed Basel III, we seek to prevent individual financial institutions from becoming insolvent while at the same time keeping systemic risks under control, and to thereby avert future global crises.
One of the main priorities is the reliability and consistency of data, because that is what good risk management starts with. A key priority for this year is the finalisation and implementation of a global climate-related disclosure standard. Other priorities are analysing the use of transition planning and the improvement of our framework for monitoring climate-related vulnerabilities. Let me wrap up.