Bank of Japan Governor Haruhiko Kuroda said on Thursday climate-related risk is ...
FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda, speaks during an interview with Reuters in Washington, U.S. October 19, 2019. REUTERS/Carlos Jasso
TOKYO - Bank of Japan Governor Haruhiko Kuroda said on Thursday climate-related risk is an example of new issues central banks must face in maintaining financial stability. Natural disasters, such as the strong typhoon that struck Japan in October, may erode asset and collateral value, and the associated risk may pose a significant challenge for financial institutions, Kuroda said.
“Climate-related risk differs from other risks in that its relatively long-term impact means that the effects will last longer than other financial risks, and the impact is far less predictable,” he said in a seminar. “It is therefore necessary to thoroughly investigate and analyze the impact of climate-related risk,” Kuroda said.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
UN urges global emissions cuts and warns of 'bleak' climate change outlookGlobal carbon emissions must fall by more than 7% a year for the next decade to meet targets set out by the Paris Agreement on climate change, the UN has warned.
Lire la suite »
Matthews: Trump fiddles as the world burns'We thought Emperor Nero was wrong to fiddle as Rome burned, this guy's worse.' As the U.N.’s latest report says that drastic action must be taken on climate change, HardballChris details the effects of President Trump's stance on climate.
Lire la suite »
FDA’s Warning On CBD: Cannabis Stocks Drop, Companies ObjectThe FDA on Monday released a consumer update for CBD and warned the compound could cause liver damage—causing major cannabis-related stocks to drop by lisettevoytko
Lire la suite »
The Climate Crisis Affects Each Community Differently — How Three Activists Are Fighting BackWe talked to youth activists leading the fight against the ClimateCrisis in Uganda, Mumbai, and Europe
Lire la suite »
Tony Spring in Defense of Department Stores, and Bloomingdale’s FutureAmid all the retail brick-and-mortar downsizing, consider Bloomingdale’s an outsider.
Lire la suite »
Pope Francis Criticizes Vatican Banking RegulatorPope Francis cast suspicion on his own banking regulator and played down the Vatican’s suspension from an international network of financial watchdogs, in relation to a Vatican financial scandal.
Lire la suite »