· François Villeroy de Galhau Wiki · Banque de France WikiLaunch of the NGFS Conceptual Framework for nature-related financial risks "to guide action by Central banks and supervisors on nature-related risks"
Read full speech on bis.org ↗ContextSpeech in Paris at the launch of the NGFS framework on nature-related financial risks; the Banque de France keeps finance stable and leads central bank work on climate and nature.
Why it mattersSupervisors gain a first common way to think about losses from biodiversity decline and ecosystem damage.
Problems raised
- Nature loss creates financial risks.
- Understanding of nature-related risks is still limited.
- Methodologies are lacking.
Solutions proposed
- Adopt the NGFS conceptual framework.
- Integrate nature risks into supervision.
- Refine data and methodologies.