Greening the Financial System
International Cooperation for Green Finance
MAS joined the International Platform on Sustainable Finance (IPSF)
The IPSF, comprising government ministries and central banks from countries across regions, sought to enhance international coordination to mobilise private capital towards environmentally sustainable investments. Through the IPSF, Singapore would contribute to these efforts to scale up sustainable finance globally and promote the integration of markets for green finance products on an international scale.
MAS worked with international regulators to enhance global practices to green the financial sector
As a founding member of the Network for Greening the Financial System (NGFS), and the Sustainable Insurance Forum (SIF), MAS worked closely with international regulators to enhance global practices, including in environmental risk management and disclosures. MAS also participated in various standard setting bodies such as the Basel Committee on Banking Supervision (BCBS) Task Force as well as the International Association of Insurance Supervisors (IAIS).