BSP readies framework for sustainable finance

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The Bangko Sentral ng Pilipinas (BSP) is preparing the policy framework for sustainable finance that would cover the integration, stress testing and risks for banks’ environmental and social governance (ESG).

“The BSP has come up with a proposed policy framework for sustainable finance, and we are currently in the process of consolidating and evaluating comments from industry players,” according to BSP Governor Benjamin E. Diokno.

“The policy framework will be embodied in a circular that we will issue soon — the first of a series of circulars on sustainable finance,” said Diokno. “The BSP has a two-pronged approach to promoting sustainable finance: capacity building and awareness campaigns, and enabling regulations,” said Diokno.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nepal hopes for Chinese finance during Xi visit
Source: ANCALERTS - 🏆 26. / 50 Read more »