European and French central bankers called for global cooperation on making the financial system resilient to climate change at a meeting of a green-conscious bank regulators group — of which the US Federal Reserve isn’t a member.
A UK official made a similar plea at a different forum.
“We can already hear distant thunder, but we must not wait for the storm to hit,” said Sarah Breeden, who oversees the Bank of England’s responses to climate-related risks.
Green financial system cooperation urged by European, French central bankers
1 May 2019 9:40am