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
“There 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....”