Fed joining NGFS would be a ‘game changer’ – Després

Morgan Després
Morgan Després
Photo: Banque de France/Pascal Assailly

It would be a “game changer” if the Federal Reserve joined the Network for Greening the Financial System, the head of the group’s secretariat said.  

Speaking at Central Banking’s Climate Risk event today (December 10), Morgan Després also said that studying the interaction of monetary policy and environmental risk would be a priority for the NGFS in 2021.

“Within the community, there is a wide acknowledgment that climate risk is within the financial stability mandate of central banks, but it

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