RBI commits to integrate climate-related risks into fin stability monitoring activities
The Hindu
On Monday, the Reserve Bank of India (RBI) published its ‘Statement of Commitment to Support Greening India’s Financial System – NGFS’, coinciding with the 2021 United Nations Climate Change Conference (COP26).
RBI on Wednesday said that it is committed to integrating climate-related risks into financial stability monitoring as well as exploring use of climate scenario exercises to identify vulnerabilities in the central bank-supervised entities.
On Monday, the Reserve Bank of India (RBI) published its ‘Statement of Commitment to Support Greening India’s Financial System – NGFS’, coinciding with the 2021 United Nations Climate Change Conference (COP26).
The apex bank joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as a Member on April 23, and aims to learn from as well as contribute to global efforts on green finance.
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