The deputy managing director of the Bank for International Settlements warns central banks risk “stretching their mandates” too far with regard to climate change.

In a forthcoming interview with Central Banking, Luiz Awazu Pereira da Silva notes central banks can only do so much with their existing mandates before they begin to risk a loss of legitimacy.

“We are cautious about stretching their mandates,” he says. “There are some people who are advocating for central banks to engage in asset