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Climate scenario analyses world-wide show climate risks concentrated, contained

( November 15, 2022, 09:00 GMT | Official Statement) -- MLex Summary: A joint report on financial authorities’ climate scenario analyses by the global Financial Stability Board and Network for Greening the Financial System said that the impacts of climate risks seem to be “concentrated” in some sectors and, at this juncture, “contained” in the context of domestic financial systems. But measures of exposure and vulnerability are “likely understated,” the report said, because many exercises don’t capture potentially large sources of risk.Statement and document follow below:...

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