We need to factor climate change issues into our concern for financial stability and efficiency. To be most effective, we are committed to working cooperatively on these issues, in particular harnessing the New Zealand Council of Financial Regulators (COFR) to provide longer-term leadership. COFR includes the Bank, the Treasury, the Financial Markets Authority, and the Ministry of Business, Innovation and Employment.
As part of our commitment, the COFR are discussing their own ‘island’ or vision, so as to best identify work effort and prioritisation – moving beyond a ‘show and tell’ group.