Narratives from the fifth annual conference of the ESRB

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World Affairs

12/8/2021, 8:35:55 AM




Narrative of the day from Christine Lagarde, President of the ECB and Chair of the European Systemic Risk Board, at the fifth annual conference of the ESRB

Frankfurt am Main, 8 December 2021

β€œThere are known threats to financial stability which have always been on the ESRB’s radar, such as unbridled risk-taking, stretched asset valuations and excessive credit growth. But today we are also facing new types of threats which could affect financial stability profoundly.

Two such threats stand out: climate change and cyber incidents....”



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