Financial System and Central Bank

risk management: That is why a growing number of governments, regulators, standard-setters and market actors are starting to incorporate rules concerning sustainability into the financial system, according to The Japan Times. In Brazil, the central bank views the integration of environmental and social factors into risk management as a way to strengthen resilience. But, as leaders move from fixing the problems of the past to positioning the financial system for the future, they must also grapple with new threats to its stability, particularly those stemming from climate change. And in countries like Singapore and South Africa, companies listed on the stock market are obligated to disclose their environmental and social performance, a requirement that investors and regulators increasingly view as essential to the efficient functioning of financial markets. Today, they are considered central to the operation of the financial system. Initiatives like these might once have been regarded as part of a peripheral green niche. (news.financializer.com). As reported in the news.