The Federal Deposit Insurance Corporation announced that it has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System with immediate effect, citing that the NGFS’s work is not within the FDIC’s authorities and mandate.
Federal Deposit Insurance Corporation 2025-01-21
Federal Deposit Insurance Corporation withdraws from the Network of Central Banks and Supervisors for Greening the Financial System
The Federal Deposit Insurance Corporation (FDIC) has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), effective immediately. The FDIC stated that the NGFS's work does not align with its authorities and mandate.