At a minimum, this would impair the ability of the financial system to support the real economy and could even threaten the stability of our financial system. The efficiency and stability of our financial system in the face of climate change are closely linked and mutually reinforcing.
Generally speaking, when value chains are broken up, it must be ensured that end-products are reliable, and that not everyone can simply pass the buck if something goes wrong. Banks have a particular duty in this regard. Another challenge that has become hugely more significant in recent years is cyber risks.