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FSB Chair Updates G20 On COVID-19 Support Measures, And A Roadmap To Address Climate-Related Financial Risks

FSB Chair Updates G20 On COVID-19 Support Measures, And A Roadmap To Address Climate-Related Financial Risks Date 06/04/2021 The letter notes that, while progress is moving at different speeds across jurisdictions, the vaccine rollout heralds an inflection point in the COVID-19 pandemic. While it is sensible to keep measures that support financial system stability and financing of the real economy in place as long as needed,  the factors to be considered in deciding whether to extend, amend and, eventually, end support measures are taking shape. The FSB report on these factors notes that withdrawal of support measures before the macroeconomic outlook has stabilised could be associated with significant immediate risks to financial stability. But financial stability risks may gradually build if support measures remain in place for too long. On balance, most authorities currently believe that the costs of premature withdrawal of support could be more significant than maintaini

Climate-risk players take a one-level-higher approach

Climate-risk players take a one-level-higher approach
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