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‘Green Swan’ climate event could trigger global financial crisis, BIS warns

Green Swan

by Jana Randow, Bloomberg Green, January 20, 2020 Highlights: Climate change threatens to provoke “green swan” events that could trigger a systemic financial crisis unless authorities act against such risks, according to the Bank for International Settlements Many central banks already contribute to the effort by monitoring climate-related risks through stress tests, incorporating environmental, social … Read more