Friday , February 21 2020
Home / South China Morning Post / Climate change may spark ‘green swan’ disasters that trigger systemic financial crisis unless authorities take action, BIS warns

Climate change may spark ‘green swan’ disasters that trigger systemic financial crisis unless authorities take action, BIS warns

Summary:
[unable to retrieve full-text content]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.The analysis by officials at the Basel-based institution – often described as the central bank for central banks – adapts the “black swan” concept devised by Nassim Nicholas Taleb to describe adverse events outside the scope of regular expectations with wide-ranging or extreme impacts.“Green swans or…

Topics:
Bloomberg considers the following as important:

This could be interesting, too:

Mike Shedlock writes Record Low 30-Year Bond Yield and Record High on Gold Coming Up

Jeffrey P. Snider writes Time Again For Triple Digit Dollar

Jeffrey P. Snider writes Chart Roundup: Bonds Are Indeed Confident

Doug Short writes Weekly Heating Oil Prices

[unable to retrieve full-text content]
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.The analysis by officials at the Basel-based institution – often described as the central bank for central banks – adapts the “black swan” concept devised by Nassim Nicholas Taleb to describe adverse events outside the scope of regular expectations with wide-ranging or extreme impacts.“Green swans or…

Leave a Reply

Your email address will not be published. Required fields are marked *