The New York State Department of Financial Services ("NYDFS") joined the Network for Greening the Financial System ("NGFS"), an international coalition of bank supervisors created to "mobiliz[e] the financial industry to address climate change." NYDFS is the first state banking regulator from the United States to join the NGFS.
In addition, the NYDFS noted that it will join another international climate change initiative: the Sustainable Insurance Forum.
Commentary
There is quite a lot going on in financial services. Would it be better for NYDFS to stick to its knitting?
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
