ECB's Frank Elderson Links Climate and Nature Risks to Economic Resilience and Competitiveness in Green Swan Keynote

What was published

The Bank for International Settlements (BIS) has published a keynote speech by Frank Elderson. He is a Member of the Executive Board of the European Central Bank (ECB) and Vice-Chair of the ECB's Supervisory Board. He gave the speech at the Green Swan 2026 Conference in Manila on 19 October 2026.

The title is "From climate and nature risks to economic resilience and competitiveness".

Key points from the announcement

The BIS notice gives only the title and a short description of the speech. The title suggests a progression from climate and nature risks towards the themes of economic resilience and competitiveness. The notice does not summarize the speech's arguments or announce any policy decisions, and it contains no figures, data releases or forward-looking guidance.

Because only this summary is available, details such as specific measures or supervisory expectations cannot be confirmed here. Readers who want the full content should consult the complete text of the speech on the BIS website.

Why it matters for market watchers

Speeches by senior central bank and supervisory officials are one way market participants follow how authorities frame financial and economic policy topics. This item is a keynote at a conference, not a rate decision or an economic indicator release.

Notes for EA trading

Official speeches and policy communications can occasionally coincide with sudden moves in liquidity, so it is sensible to know when they are scheduled. Spreads may widen and prices may become volatile around major announcements. Consider whether to pause or reduce automated trading during those hours, and check that your risk settings suit changing conditions.