The Bank of Israel Governor and the Supervisor of Banks welcome the decision by the NGFS organization to accept the Bank of Israel as a full member
Bank of Israel Governor Prof. Amir Yaron: "I welcome the Bank of Israel’s accession to the NGFS, and noted that membership in the organization is a direct continuation of the central bank’s commitment to raise awareness and promote study and research in the field in Israel."
Supervisor of Banks Yair Avidan said, “All of us are obligated to get involved in the global struggle to reduce the effects of climate risks, and market mechanisms on their own cannot bring about the desired change. As such, international and intercontinental involvement and cooperation are necessary between government, regulatory, and business sector players to implement an advanced policy to deal with climate risks. The banking system and the Banking Supervision Department are also taking part in this important task, and will continue to do so when the initial steps toward future regulation are taken.”
The Bank of Israel’s economists and researchers will participate in the organization’s plenary work and work groups.