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Fed issues statement in support of the Glasgow Declaration by the Network of Central Banks and Supervisors for Greening the Financial System (NGFS)
The Federal Reserve Board on Wednesday issued the following statement in support of the Glasgow Declaration by the Network of Central Banks and Supervisors for Greening the Financial System (NGFS): Climate change poses significant challenges for the global economy and financial system, with implications for the structure of economic activity, the safety and soundness of financial institutions and the stability of the financial sector more broadly. A sustained global response by national authorities, the international community, and the private sector can address the financial and economic implications of climate ... (full story)
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