FED – FED announces it has formally joined the Network of Central Banks & Supervisors for Greening the Financial System, or NGFS, as a member


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December 15, 2020

FED announces it has formally joined the Network of Central Banks & Supervisors for Greening the Financial System, or NGFS, as a member

For release at 9:00 a.m. EST

The FED announced on Tuesday that it has formally joined the Network of Central Banks & Supervisors for Greening the Financial System, or NGFS, as a member. By bringing together central banks & supervisory authorities from around the world, NGFS supports the exchange of ideas, research, & best practices on the development of environment & climate risk management for the financial sector. The Board began participating in NGFS discussions & activities more than a year ago.

“As we develop our understanding of how best to assess the impact of climate change on the financial system, we look forward to continuing & deepening our discussions with our NGFS colleagues from around the world,” said FED Chair Jerome H. Powell.

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Last Update:

December 15, 2020

Source: Federal Reserves

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