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Network of central banks, supervisors set up to promote "greening" of financial system

( December 13, 2017, 05:44 GMT | Official Statement) -- MLex Summary: Eight central banks and financial supervisors have committed to establishing a Network of Central Banks and Supervisors for Greening the Financial System. The network will help to strengthen the global response required to meet the goals of the Paris climate change agreement and to enhance the role of the financial system to manage risks and to mobilize capital for green and low-carbon investments in the broader context of environmentally sustainable development. The members of the network are the Banco de Mexico, the Bank of England, the Banque de France and Autorité de Contrôle Prudentiel et de Résolution, De Nederlandsche Bank, the Deutsche Bundesbank, Finansinspektionen of Sweden, the Monetary Authority of Singapore and the People’s Bank of China.The full statement follows:...

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