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Progress and challenges in the Asia-Pacific financial system

· Kazuo Ueda, Governor of the Bank of Japan (Japan)

Summary written by Dark Majestic in its own words · topics: banking regulation and supervision, climate, energy and nature, growth, investment and productivity

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· Kazuo Ueda Wiki · Bank of Japan WikiProgress and challenges in the Asia-Pacific financial system

ContextKeynote address by Kazuo Ueda, Governor of the Bank of Japan, at the 18th Asia-Pacific High-Level Meeting on Banking Supervision, Tokyo, 6 March 2024.

Why it mattersUeda calls for regional cooperation on climate risks in finance.

Problems raised
  1. Asia-Pacific finance faces new challenges.
  2. Climate investments must be assessed.
  3. Supervisors need to cooperate.
Solutions proposed
  1. Resume in-person supervisory meetings.
  2. Assess climate risks and returns.
  3. Cooperate across the region.
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