The BC model allows banks to provide door step delivery of services especially cash in – cash out transactions at a location much closer to the population, thus addressing the last mile problem. 16.
7  5  A recent survey of central banks found a large majority view it as appropriate “to act within their existing mandate to mitigate climate-related financial risks” that “could potentially impact the safety and soundness of individual financial institutions and could pose potential financial stability concerns for the financial system.” See Basel Committee on Banking Supervision, Bank for International Settlements (2020), Climate-Related Financial Risks: A Survey on Current Initiatives (Basel: BCBS, April), https://www.bis.org/bcbs/publ/d502.pdf; see also Nick Robins, Simon Dikau, and Ulrich Volz (2021), NetZero Central Banking: A New Phase in Greening the Financial System, (London: Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science, March), https://www.lse.ac.uk/granthaminstitute/wp-content/uploads/2021/03/Net-zero-centralbanking-1.pdf.