The Federal Reserve Board announced it has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), explaining that the NGFS’s work has increasingly broadened to cover issues outside the Board’s statutory mandate.
Federal Reserve Board 2025-01-17
Federal Reserve Board withdraws from the Network of Central Banks and Supervisors for Greening the Financial System citing scope beyond its statutory mandate
The Federal Reserve Board has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). The decision was made because the NGFS's work has expanded beyond the Board's statutory mandate.