Thank you also to Mr Mark Carney. I want to acknowledge your role in shifting the global financial system to a more sustainable perspective. You shook us awake with your ‘Breaking the Tragedy of the Horizons’1 speech in 2015.
Now, only five years on from your speech, a common topic across central banks and financial regulators more broadly is how can we best assess and address climate risks. I also acknowledge the Climate Change Minister, James Shaw, and his personal commitment, financial expertise and leadership on this very important issue.