1 résultat pour « precautionaryapporach »

Fat Tails and Asymmetric Time Horizons: Dealing With Systemic Climate‑Related Uncertainty

"Even pioneering forward-looking stress tests cannot feasibly capture all possible tail risks. We propose supplementing the existing capital requirements regime by giving it a stronger precautionary and macroprudential focus, paying particular attention to the prevention of environmental tipping points to avoid systemic and catastrophic impacts on the financial system and macroeconomy."