In this light, the Bank of Greece is committed to invest significantly in UN sustainability goal no. 13, i.e. climate action, a horizontal goal that contributes to the achievement of all other goals.
Two years ago at this conference I argued that the growing array of derivatives and the related application of more-sophisticated methods for measuring and managing risks had been key factors underlying the remarkable resilience of the banking system, which had recently shrugged off severe shocks to the economy and the financial system.