ZURICH, July 7 — A leading international finance body today urged G20 finance ministers and central bank chiefs to better respond to growing climate-related financial risks, warning of their “far-reaching” impacts.
“They are global in nature, and will have effects across all entities, sectors and economies,” it said in the document. Ahead of the Venice meeting, the FSB also called for the G20 to accelerate efforts to transition away from the scandal-hit Libor interbank rate.
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