This report was written at the request of G20 Finance Ministers and Central Bank Governors. The report takes stock of regulatory and supervisory initiatives associated with the identification and assessment of nature-related financial risks. The stocktake also enquires about the perceptions of central banks and supervisors regarding whether nature degradation, such as biodiversity loss, is a relevant financial risk. It draws on a survey of participating FSB members and the work done by international organisations, including the conceptual framework developed by the Network for Greening the Financial System (NGFS) and work done by the Organisation for Economic Cooperation and Development (OECD), and funded by the European Union, on nature-related risks. The report provides insights on authorities’ approaches, recognising the early stage of work on nature-related financial risks and the diversity of authorities’ mandates and approaches to date.
About the Publisher
The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. The FSB promotes international financial stability by coordinating national financial authorities and international standard-setting bodies as they work toward developing strong regulatory, supervisory and other financial sector policies. It fosters a level playing field by encouraging coherent implementation of these policies across sectors and jurisdictions.
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