Bank risks criticism but will argue need to retain best staff in drive to break even
Central bank group BIS warns of green asset bubble risk
The Bank for International Settlement (BIS) warns of the growing risk of a price bubble in the ESG market. It is estimated that the ESG market now accounts for one third of all the financial assets and is valued at $35 trillion. Along with this there’s speculation around greenwashing that may over exaggerate asset values. If these exaggerated values are unleashed the values are expected to plunge even higher.
Re-disseminated by Wealth and Society from Reuters
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