SINGAPORE -- If you Google "what do central banks do?" the answers will include "manage currencies" and "set interest rates."
"Fight climate change" doesn't come up -- but maybe it should.
A prolonged dry season along the Jatigede Reservoir, Indonesia. Central banks and financial regulators have begun to assess how climate change can damage asset value and pose a risk to the financial system. © Getty Images
The Big Story
Is the climate too big to fail? Central bankers say yes
Regulators see global warming as financial and economic risk
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