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Federal Reserve Board withdraws from Network of Central Banks and Supervisors for Greening the Financial System; board cites expansion beyond statutory mandate

Jan 17, 2025 Press Release 1 min read

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January 17, 2025 (press release) –

The Federal Reserve Board on Friday announced it has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS).

While the Board has appreciated the engagement with the NGFS and its members, the work of the NGFS has increasingly broadened in scope, covering a wider range of issues that are outside of the Board's statutory mandate.

For media inquiries, please email media@frb.gov or call 202-452-2955.

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