The US Federal Reserve Joins NGFS

The US Federal Reserve System becomes a member of the Network for Greening the Financial System (NGFS) along with the European Securities and Markets Authority, Central Bank of Paraguay, Financial Regulatory Authority of Egypt, Financial Services Authority of Indonesia, Central Bank of Iceland, Polish Financial Supervision Authority and the Central Bank of Uruguay. This increases membership to encompass all of the world’s systemically important banks with 83 Central Banks and 13 observers working together to develop further understanding of environmental and climate-related risks and their impact on the financial system.