sabine mauderer : sustainable finance and the availability of good quality data welcome remarks by dr sabine mauderer, member of the executive board of the deutsche bundesbank, at the international conference on statistics for sustainable finance, jointly organised by the bank of france, deutsche bundesbank and the irving fisher committee on central bank statistics, paris, 14 september 2021. * * * 1 introduction good morning ladies and gentlemen, colleagues and friends, i am delighted to be here today. it gives me the opportunity to talk about two subjects close to my heart : sustainable finance and the availability of good quality data. many of us laughed when – almost ten years ago – the harvard business review proclaimed that ‘ data scientist ’ would be the sexiest job of the 21st century. but as we all know, statistics and data have been growing in importance all the time, propelled by fascinating technological changes. enhancements made possible by state - of - the - art statistics and data analytics have become critical factors for success – for businesses and public sector institutions. also for central banks. timely and consistent data are essential for our analyses of trends and shifting patterns in financial markets and the economy at large. i am not exaggerating when i say that the availability of rich and up - to - date data is key to good policymaking. in a similar vein, the market for sustainable finance has grown in leaps and bounds, and the topic is now shifting into the mainstream. who would have thought, just a few years ago, that central banks would include climate change considerations in their monetary policy strategies? many central banks, including the eurosystem, are addressing climate - related risks on their balance sheets and in their roles as supervisors. it will therefore come as no surprise to you that the eurosystem is bundling its efforts to make more climate - related data available for research and analyses, besides developing new collections of statistical data. 2 specific examples as part of my work in the network for greening the financial system, the ngfs, we are pushing hard to improve the global data situation. we recently published a “ dashboard on scaling up green finance ”. this contains a set of 21 indicators, which allows the various stakeholders to track and evaluate progress in greening the financial system. if you are interested in green finance in germany, the bundesbank ’ s own dashboard for green finance indicators can be a treasure trove, and it is easy to find on our website1. 1 / 3 bis central bankers '

order to fulfil the new requirements. but all our commitment will result in more transparent and more stable markets which will better serve all market participants in the future. 4. transparency is the crucial cornerstone of each regulation transparency is a very important issue within the entire regulatory process around otc derivatives markets. supervisors but also market participants need more reliable, transparent bis central bankers ’ speeches and accessible data on the derivatives markets. and they will profit a great deal from the reporting obligation to trade repositories established under both emir and dodd - frank. we expect reporting to trade repositories to work out next summer. the necessary technical details will be confirmed by the european commission soon and the registration approval process by esma will also start. but mifir, too, will increase transparency since it requires pre - trade transparency for derivatives traded on organised trading venues. the future findings from the data gathering will be helpful for further reviews of the regulation and possibly new regulatory efforts. 5. closing remarks european and national legislators have made good progress in regulating the otc derivatives markets. but further efforts have to be taken to complete the process embarked upon in the light of the g 20 commitments. the dialogue between regulators and market participants therefore must be continued and intensified. thank you for your attention. bis central bankers ’ speeches