21.To join like-minded peers globally in promoting best practices in green and sustainable finance, we have signed up to or are in the process of joining several international charters or organisations, such as the United Nations-supported Principles for Responsible Investment (UNPRI), Focusing Capital on the Long Term (FCLT), the Financial Stability Board (FSB)’s Task Force on Climate-related Financial Disclosures (TCFD), and the Central Banks and Supervisors Network for Greening the Financial System (NGFS). 22. The HKMA is not alone in driving green and sustainable finance in Hong Kong. For example, the Securities and Futures Commission (SFC) announced its Strategic Framework for Green Finance in September last year and published guidance on enhanced disclosures for green or ESG funds earlier in April. The Hong Kong Stock Exchange also launched a consultation in May on enhancing ESG reporting and disclosure. With these ongoing efforts, we hope to bring sustainable finance in Hong Kong to the next stage. Concluding remarks 23. Finally, I would like to emphasise that this is just the beginning of a very long journey. While developments in sustainable finance have been encouraging, we are still at the initial phase of development and a lot more still needs to be done. Today’s forum is a most welcome opportunity to help prepare for the future. I look forward to working closely together with all of you in our common effort to develop the sustainable finance market. 24. Thank you. 4/4  BIS central bankers' speeches

Ardian Fullani: Overview of Albania’s latest economic and financial developments Speech by Mr Ardian Fullani, Governor of the Bank of Albania, on the Monetary Policy Decision-Making of the Bank of Albania’s Supervisory Council, Tirana, 27 February 2013. *  *  *  Today, on 27 February 2013, the Supervisory Council of the Bank of Albania reviewed and approved the monthly Monetary Policy Report. Based on the latest monetary and economic developments in Albania, and following discussions on their future outlook, the Supervisory Council of the Bank of Albania decided to keep the key interest rate unchanged, at 3.75%. The Supervisory Council deems that the monetary conditions are adequate to comply with the medium-term inflation target, providing the necessary monetary stimulus to boost domestic demand. Let me now proceed with an overview of the economic developments and key issues discussed at today’s meeting. *** Annual inflation was 2.7% in January. Higher food prices were the major contributor, about 75%, to inflation formation. In this regard, unprocessed foods, which recorded double-digit growth rates, contributed the most to this formation. The prices of the other consumer basket items fluctuated narrowly, maintaining their low contribution to inflation. In the macroeconomic aspect, inflation was formed by the presence of spare production capacities, while supply-side shocks were absent. The slow growth of production costs and low profit margin for businesses were reflected in low core and headline inflation rates. In addition, the stable exchange rate, anchored inflation expectations and low monetary expansion contributed to maintaining price stability.