NGFS proposes five steps to integrate climate risks into supervision

Climate change hourglass

The Network for Greening the Financial System has published a guide for supervisors to integrate climate-related risks into their prudential supervision.

The guide, published on May 27, comes barely a week after the European Central Bank launched a public consultation on the guidelines it intends to implement to make sure banks adequately manage climate risks.

“Even under the current challenging circumstances of the pandemic crisis, we should not lose sight of the fact that climate change and

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