Powered by

CLIMATE CHANGE RISES TO BECOME A SYSTEMIC RISK

Dec 01, 2018 - The Banker

Climate Change is quiCkly Climbing up the poliCy agendas of banks and regulators alongside a growing belief that aspects of a G20-promoted voluntary code agreed last year could become mandatory in some jurisdictions.

Rising sea levels and volatile weather patterns not only cause human misery and economic damage, but could conceivably create widespread loan and bond defaults and even pose systemic risks.

Some scientists are warning that global temperatures are rising higher than the o...