Firms and supervisors must ‘transform’ climate risk management – regulators

Complexity and uncertainty demand major rethink of risk, say ‘Green Swan’ event speakers

The Bank for International Settlements, Basel
The Bank for International Settlements, Basel
Photo: Ulrich Roth

Climate change has demanded a major rethink of the way firms, regulators and financial supervisors consider risk, speakers at the first day of the ‘Green Swan’ conference said today (June 2).

The challenge in understanding climate risks was “absolutely enormous”, said Sarah Breeden, executive director at the Bank of England (BoE). In remarks at the green finance conference – hosted by the Bank for International Settlements – she said the decades-long timescales, the complexity of risks and the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account