Bank of Jamaica will expand supervision of climate risks
Central bank notes island country is among 20 most vulnerable to climate change
Jamaica’s central bank says it will permanently incorporate climate change into its supervision of the financial system and financial institutions.
In its 2021 financial stability report, published last month, the Bank of Jamaica said it was working with France’s overseas development agency to improve climate-related supervision. It pledged to “integrate climate risks into the bank’s supervisory activities as well as to conduct climate-specific stress-testing of the financial system”.
The
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