Thank you very much.
The Office of the Superintendent of Financial Institutions and the Bank of Canada are members of the International Network for Greening the Financial System, which is an important initiative. According to the coalition of finance departments, central banks and supervisors:
“continual nature loss could have severe and sudden impacts on the economy, and hence on the financial system.”
We have spoken at length about risks linked to climate change, but it has also been recently established that the risks linked to the loss of biodiversity are just as great. What will be the major impacts on the banking system?