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A supervisory push for transition planning and blended finance

· Ravi Menon, Chair of the Network for Greening the Financial System (International)

Summary written by Dark Majestic in its own words · topics: banking regulation and supervision, climate, energy and nature, development and emerging economies

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· Ravi Menon Wiki · Network for Greening the Financial System WikiA supervisory push for transition planning and blended finance

ContextOpening remarks (virtual) by Ravi Menon, Managing Director of the Monetary Authority of Singapore and Chair of the Network for Greening the Financial System, at the Green Swan conference 2023, Basel, 31 May 2023.

Why it mattersMenon pushes supervisors to assess transition plans and use blended finance.

Problems raised
  1. Transition plans are not yet embedded in supervision.
  2. Emerging economies lack climate finance.
  3. Projects are too risky for private investors.
Solutions proposed
  1. Push supervisors to assess transition planning.
  2. Use blended finance to improve risk-return.
  3. Provide technical assistance to build project pipelines.
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