Question 40: Which of the following best summarises the passage? A. Green swan events are rare financial shocks that can be easily managed b...

Question 40: Which of the following best summarises the passage?

A. Green swan events are rare financial shocks that can be easily managed by central banks through the use of standard stress tests and mandates.

B. The reclassification of fossil-fuel reserves as stranded assets is the primary reason why the Bank for International Settlements popularized green swans.

C. Green swans represent a new class of climate-driven financial risks that challenge traditional banking tools and require broad, coordinated global action.

D. Central banks are shifting their roles to become the primary climate policymakers to prevent nonlinear dynamics from damaging global infrastructure.