Archive

Invest in data and adaptation to fight extreme weather impacts, NGFS says

Investments in climate adaptation and resilience measures and improvements in data relating to extreme weather events are among actions recommended by a group of central banks and supervisors to combat the worst climate impacts.

DNB's Sleijpen appointed chair of NGFS

Olaf Sleijpen has been appointed chair of the Network for Greening the Financial System (NGFS), to succeed the current chair Sabine Mauderer from July.

Is nature a blind spot for central banks?

Momentum on addressing nature is growing amongst supervisors, but the topic lags far behind climate. Genevieve Redgrave reports

NGFS backs extending 'greening' to central bank-issued debt & reserves

Central banks should consider extending work to 'green' their own assets to cover 'liabilities', including short-term debt and monetary reserves, according to a group of central banks and supervisors.

Fannie Mae and Freddie Mac regulator exits NGFS, slamming 'politicised nonsense'

NGFS scenarios 'need wider coverage and standardisation' for financial institution use

NGFS pitches framework to 'mainstream' adaptation in transition planning

A framework for financial institutions to embed climate adaptation into their transition planning has been presented to the G20 by a group of central bankers who argue it can "mainstream" the practice.

NGFS publishes transition planning recommendations for financial institutions

Physical climate risks already feeding inflation, says NGFS chair

Physical climate risks are already feeding through to increased inflation, demonstrating that climate change "is within the core mandate" of central banks, according to the chair of the Central Banks and Supervisors Network for Greening the Financial System (NGFS).

Extreme weather could see 'severe' losses, NGFS short-term scenarios show