Research on climate-related risks and financial stability: An "epistemological break"?

Speech

Research on climate-related risks and financial stability: An "epistemological break"?

By Bank for International Settlements (BIS)

This speech, delivered by Luiz Awazu Pereira da Silva, explores the fundamental shift in how central banks and financial supervisors perceive climate-related risks (CRRs). Describing this change as an "epistemological break," the author argues that climate change is no longer a distant theoretical concern but a "clear and present danger" to global financial stability.

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