Frank Elderson: Network for Greening the Financial System's recommendations for policymakers, central bankers and supervisors

Speech by Mr Frank Elderson, Executive Director of Supervision of the Netherlands Bank, at the NGFS (Network for Greening the Financial System) conference, Paris, 17 April 2019.

The views expressed in this speech are those of the speaker and not the view of the BIS.

In 1163 the first stone was laid of what later became the very heart of Paris. Two hundred years of countless hands, building, carving, constructing together. A marvelous monument. A tribute to what humanity can achieve. When working together, with a commonly held belief in a shared objective. The day before yesterday the Notre Dame - so much Notre Dame burned. And all our hearts burned with her. What was lost was a beautiful cathedral. What was lost was a jewel in the crown of the World's Heritage. What was lost was a symbol of peace and worship.

But what was not lost, is our sense of common destiny. What was not lost is our acute awareness of what we, humanity can achieve, when working together, with a common held belief in a shared objective. In December 2017 the first stone was laid of what later became the NGFS. One and a half years, countless hands, building, carving, constructing together. A marvelous coalition of the willing. A tribute to what central banks and supervisors can achieve, when working together, with a commonly held belief in a shared objective.

It's a therefore only appropriate that we are here in Paris.