High-Level Plenary: The role of financial regulators and supervisors to unlock green finance
Oct 16, 2024 | 1:40 PM - 2:50 PMConference Room CC15 & Online
Oct 16, 2024 | 1:40 PM - 2:50 PM
Conference Room CC15 & Online
Financial regulators and supervisors have a wide range of tools at their disposal to develop green financial markets and align finance and investment flows with climate and other environmental goals. They are also stepping up their efforts to better assess and manage climate and other environmental and sustainability risks, and improve comparability, transparency and integrity of information on environmental considerations. However, the integration of climate-related factors into financial regulation and supervision is still at early stages of development across countries. This session delves into the crucial roles that financial regulators and supervisors play in accelerating the flow of capital towards environmentally sustainable activities across developed countries, emerging markets and developing economies (EMDEs). This session will highlight the importance of enhancing climate-related disclosure requirements, providing supervisory guidance on climate transition planning and setting regulatory incentives for strengthening environmental risk management. The session will also explore how financial regulators can strengthen disclosure standards for securities such as green, transition and sustainability-linked bonds, to avoid and prevent greenwashing risks.
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