The Key Role of Central Banks and Regulators in Greening the Financial System
August 6, 2020 | 1 hr 29 mins |
View on YouTube
Central banks and regulators are noting the risks and opportunities in green finance and they are taking action.
Entities such as the Central Bank and Supervisors Network for Greening the Financial System, the Sustainable Banking Network, and the Task Force on Climate-Related Financial Disclosure all reflect interest among central banks and financial sector regulators in strengthening environmental and climate risk management in the financial sector to promote financial stability while mainstreaming finance that supports the transition toward a sustainable economy.
During this featured SBN partner webinar, the distinguished panelists spoke about
i) sustainable finance strategies of their countries,
ii) the importance of developing local standards, such as climate finance taxonomies, to harmonize international approaches, and
iii) the relevance of creating national sustainable finance committees or working groups.
This event is part of the Ctrl + Alt + Delete Green Rebuild Webinar Series, hosted by the IFC-supported Green Banking Academy (GBAC). This on-going learning series facilitates a discussion with central banks and regulators about how they can accelerate efforts to “green” the financial system.
The IFC-GBAC is a knowledge initiative to accelerate the green transformation of banking, strengthening its business, and contributing to a more sustainable world, with a focus on the Latin America region.