NGFS announced the expansion of its Steering Committee to include Bank of Canada, BNM (Malaysian central bank), and JFSA (Japanese authority) as its new members. The inclusion of these three institutions in the executive body of the NGFS contributes to strengthening the geographical representation. The new members are appointed for a two-year term as provided by Article 9 of the NGFS charter. Their term will commence on November 18, 2020, on the occasion of the 9th Steering Committee meeting of NGFS.
NGFS also announced that six new members joined NGFS over the last two months: National Bank of Romania, Central Bank of Seychelles, Commission de Contrôle des Activités Financières (Monaco), Bank of Slovenia, Bank of Israel, and IVASS (Italian Institute for the Supervision of Insurance). The NGFS now has 75 members and 13 observers from five continents. Before the end of 2020, the NGFS plans to publish a progress report on Sustainable and Responsible Investment practices in central banks’ portfolio management, as a follow-up of the Guide for Central Banks, which the NGFS published on this topic in October 2019.
Keywords: International, Banking, Insurance, Securities, Steering Committee, JFSA, Bank of Canada, BNM, NGFS
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