Bank Negara to emphasise on green transition

Nor Shamsiah: “As an example, the spillover risks caused by the war in Ukraine and an ongoing decoupling of the Russian economy from the global economy would lead to upside risks to inflation, higher commodity prices and disruptions in supply chain. “Such fears have led to fears that climate actions could be set back and at the same time, the war has brought forward the reality of a disorderly transition.”

KUALA LUMPUR: Bank Negara will continue to enhance its regulatory decisions, which include enforcing mandatory disclosures and stress testing in the quest to tackle the risk of climate change to the economy.

Governor Tan Sri Nor Shamsiah Mohd Yunus said the central bank would review its prudential standards, where appropriate, and find solutions to address some challenges in Malaysia as an emerging economy.