The role of central banks in greening the financial system

The Network for Greening the Financial System, a group of 34 central banks and supervisors, calls for collective action to green the financial system. With the issuing of the first NGFS report, Morgan Després, head of secretariat for NGFS and head of financial regulation policy at the Banque de France, and Frank van Lerven, senior economist at the New Economics Foundation, join Marcin Stepan, head of programming at OMFIF, to discuss the network’s recommendations. Topics include integrating climate-related risks into financial stability reporting, incorporating sustainability into portfolio management, and issues surrounding taxonomy.

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