Extension risk and Network for Greening the Financial System: Difference between pages

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imported>Doug Williamson
(Typo correction 'extension'.)
 
imported>Doug Williamson
(Create page. Source: NGFS webpage.)
 
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Extension risk is a form of liquidity risk and interest rate risk for a financial institution.
''Green finance - international initiatives.''


It arises from the later than expected repayment by customers of, for example, residential mortgages.
(NGFS).


Abbreviation for the Network of Central Banks and Supervisors for greening the Financial System, established in 2017.


The consequence is an extension of the maturity of the mortgage asset, and an increase in the amount and maturity of funding needed to fund the asset for its longer remaining life.


The NGFS is established to:
*Help strengthen the global response required to meet the goals of the Paris Agreement.
*Enhance the role of the financial system to manage risks and to mobilise capital for green and low-carbon investments in the broader context of environmentally sustainable development.
*Define and promote best practices to be implemented within and outside of the membership of the NGFS.
*Conduct or commission analytical work on green finance.




== See also ==
== See also ==
* [[Interest rate risk]]
* [[Central bank]]
* [[Mortgage]]
* [[Climate risk]]
* [[Pipeline risk]]
* [[ESG investment]]
* [[Prepayment risk]]
* [[Global Sustainable Investment Alliance]]
* [[RMBS]]
* [[Governance]]
* [[Green finance]]
* [[Paris Agreement]]
* [[Supervisor]]
* [[Sustainable finance]]
* [[Sustainability]]
* [[Sustainability bond]]
* [[Sustainability linked loan]]
 
[[Category:The_business_context]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Financial_products_and_markets]]

Revision as of 15:15, 9 September 2020

Green finance - international initiatives.

(NGFS).

Abbreviation for the Network of Central Banks and Supervisors for greening the Financial System, established in 2017.


The NGFS is established to:

  • Help strengthen the global response required to meet the goals of the Paris Agreement.
  • Enhance the role of the financial system to manage risks and to mobilise capital for green and low-carbon investments in the broader context of environmentally sustainable development.
  • Define and promote best practices to be implemented within and outside of the membership of the NGFS.
  • Conduct or commission analytical work on green finance.


See also

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