Policy-makers debate central banks’ role in tackling climate change
Some see central banks as important co-ordinators; others warn they could overreach
Despite increasing activity on green finance, there is still disagreement about how active central banks should be in the context of supervision and climate-related risks.
Speaking at the Bank for International Settlements’ Green Swan event last week, Arminio Fraga, former president of the Central Bank of Brazil, said in many jurisdictions central banks and finance ministries were “getting a little too close”.
By contrast, Nor Shamsiah Mohd Yunus, governor of Bank Negara Malaysia, highlighted
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