Sustainable finance is now at the top of the global regulatory agenda for central banks as well as regulators of securities markets. This is especially the case for climate finance, recognising both the considerable opportunities and the challenges in this complex area.
Two years ago, the International Organization of Securities Commissions (IOSCO), whose board I Chair, published its first major report on the role of securities regulators in sustainable finance. The report identified three main areas of concern.
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