DNB announces NGFS

Prudential supervisors around the world are stepping up to integrate climate-related and environmental risks into their work. There is also a positive trend among financial institutions to better account for climate related risks of their assets.
This can be concluded from the publications of the NGFS:

• A Guide for Supervisors gathering leading practices of the supervisory community and issuing five recommendations for courses of action to be taken by NGFS members and beyond.
• A Status Report on financial institutions ’ experiences from working with green, non-green and brown financial assets and a potential risk differential offering an overview of industry definitions and practices regarding environmental related risks’ quantification and mitigation.

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DNB announces NGFS guides central banks and supervisors towards better management of climate-related and environmental risks

This article was originally published in the May edition of REGWATCH. Read the full edition covering the following jurisdictions:

• European Union
• Belgium
• France
• Germany
• Hong Kong
• Ireland
• Italy
• Luxembourg
• Switzerland
• United Kingdom