| Dear Investors, This week we look at the role that central banks are playing in responding to the climate crisis. Policymakers know that climate change will have profound implications for asset prices and risk and are developing a range of responses within their mandates. Key takeaways: - Climate change threats are pushing central banks to examine their role in tacking climate change
- Many argue that their mandates to ensure price stability mean they can act
- Climate change is higher priority for the new IMF and ECB heads
- Policymakers have recognised that they cannot wait until assets are impossible to price before acting.
Best regards, Stéphane Monier
Chief Investment Officer, Lombard Odier Private Bank | 
