Nature risk poses ‘major data and modelling challenges’ – FSB
Stocktake finds supervisors at varied stages of analysing biodiversity loss and related risks
Supervisors face “major data and modelling challenges” in addressing nature-related financial risks, which partly explains limited progress to date, the Financial Stability Board says.
The FSB published a “stocktake” of work on nature-related risk today (July 18), ahead of a meeting of central bankers at the Group of Twenty summit next week.
Regulatory and supervisory work in this area is generally “at an early stage”, the FSB says. “Supervisory guidance, where it exists, typically covers nature
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