Painting the central bank of the Philippines green

21 December 2022 · Felipe M Medalla, Governor of the Bangko Sentral ng Pilipinas (Philippines)

Summary written by Dark Majestic in its own words · topics: climate, energy and nature

21 Dec 2022 · Felipe M Medalla Wiki · Bangko Sentral ng Pilipinas WikiPainting the central bank of the Philippines green

ContextSpeech at the launch of the central bank's sustainable central banking programme in Manila; Bangko Sentral ng Pilipinas keeps finance stable and brings climate into its work.

Why it mattersMedalla brings climate considerations into reserve management and supervision.

Problems raised

Climate change affects the Philippines.
The Philippines is a victim despite low emissions.
Central banks must address climate.

Solutions proposed

Launch the Sustainable Central Banking Strategy.
Integrate climate into BSP operations.
Promote green finance.

Read full speech on bis.org ↗

More speeches by Felipe M Medalla

Beyond just a bellwether - the capital markets as catalyst for dynamic and inclusive economic growth · Felipe M Medalla (BSP), 28 May 2023
Chronicling the evolution of Philippine banking laws · Felipe M Medalla (BSP), 25 May 2023
Approaching and taking stock of systemic risk issues from a regional perspective · Felipe M Medalla (BSP), 16 May 2023
Preserving price and financial stability in the Philippines · Felipe M Medalla (BSP), 11 Apr 2023

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