The Financial Market Authority Liechtenstein has become a member of the Network for Greening the Financial System. This network of national regulators and central banks is striving to steer global financial flows with the aim of facilitating low-carbon economic growth.

The Financial Market Authority Liechtenstein (FMA) is keen to contribute to greening the financial sector in Liechtenstein and the global financial system in general. The supervisory authority has therefore joined the Network for Greening the Financial System (NGFS), further details of which can be found in a press release.

There is also a focus on international networking. “In the NGFS, experiences in dealing with and managing environmental and climate risks can be shared and exchanged, which contributes to establishing common understanding and raising awareness on the financial markets, which is necessary for this global issue”, explains Mario Gassner, CEO and Chairman of the Executive Board of the FMA, in the press release.

The network was founded in 2017 at the Paris Climate Summit by eight central banks and regulatory authorities in China, France, Germany, the UK, Mexico, the Netherlands, Sweden and Singapore. In the meantime, nearly 120 central banks and supervisory authorities have joined as members. NGFS helps its members to integrate climate-related risks into financial stability monitoring and risk control processes. It also supports its members in their efforts to include sustainability aspects in managing their own portfolios and promotes the exchange of knowledge.

 

Back to overview