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Some NGFS members arent able to 'go very far' says Ma Jun

The Network for Greening the Financial System's (NGFS) ambition has been held back by some of its central bank members' national mandates, Chinese environmentalist Ma Jun has said.

NGFS to revamp data directory

NGFS sets out guidance for central bank on nature risks

The Network for Greening the Financial System (NGFS) has released guidance for central banks on assessing nature-related financial risks.

Nature the 'green scorpion' in the room, warns Oxford University

"Nature is not the elephant in the room, it's the huge green scorpion running towards us. The sting in its tail will significantly amplify the impacts of climate change in ways that are difficult to predict".

NGFS encourages central banks to tackle nature-related risks

The Network for Greening the Financial System has encouraged central banks and supervisors to further tackle nature-related risks, especially through the development of nature-risk scenario analysis.

Central banks 'could demand transition plans to help set capital requirements'

A "high likelihood [of] sudden build-ups of prudential risks" caused by climate change should see central banks and supervisors adjust prudential requirements for banks based on their transition plans, academics have recommended.

NGFS alerts regulators of need to improve monitoring of nature risk to financial system

The Network for Greening the Financial System (NGFS) has warned central banks and regulators that nature poses a risk to the financial system, in a guide that urged supervisors to improve how they assess and address these risks.

MAS's Menon warns of 'significant macroeconomic implications' of biodiversity loss

The Monetary Authority of Singapore's managing director Ravi Menon has urged financial institutions to proactively manage the risk of biodiversity loss, warning it could have "significant macroeconomic implications".

COP27: Regulators march on ... and on

Are regulators suffering mission creep at COP27, asks Peter Cripps

People Moves 28 October: Japan FSA, NGFS, Alpha Real Capital ... and more