trust of our governments and are independent from politics that we can do what we have to do : ensure financial stability and confidence in the financial system. 1 / 4 bis - central bankers'speeches to play our part in building and managing a reliable financial system that ensures a stable and responsible provision of credit to the real economy, that ensures that citizens and companies can build their future, in the knowledge and confidence that their money is safe. in the knowledge, in the confidence, that they can pay their bills without any problems and that they can get credit to buy a house or start a business. that is our role in the team. to play that role best, it is important that we work together with the other team members. not only with the government, but also with other central banks, the financial sector and with the business community. i am therefore happy to be here now to further strengthen our ties with the central bank of curacao and st. maarten and with your business communities. i am also happy to be your guest today, because i know that you can and want to play an important role in the transition to a sustainable economy here on curacao. your actions make that clear. for instance, in the financial sector. i start there, because it is the sector i know best. but also because the financial sector is the hub for bringing savings and investments together. the hub that ensures that entrepreneurs can do business. the financial sector can only be a sustainable sector if it it focuses on more than just large companies. it is a sustainable sector if and when it also finances small and medium - sized enterprises. the cbcs is working hard to make this possible. why is this important? because this is how the financial sector can become more diverse and more inclusive, and therefore more sustainable. another way to make this happen is by providing basic payment accounts to people who currently do not have access to banking services. and by empowering those who are less experienced with financial matters to understand how the system works.. and, if necessary, by promoting digital skills. the cbcs is involved in all of this. a sustainable financial sector is also a sector that combats money laundering. it is very promising that a national risk assessment has been carried out in curacao. and that sint maarten is working hard to make this happen too. this assessment makes clear what the remaining vulnerabilities are. i hope and expect that these will be sufficiently addressed before the

“ climate finance : towards carbon neutrality 2050 ” speech frank elderson at the one planet summit saturday december 12, 2020 merci monsieur le president for the invitation to speak today at the 5th anniversary of the paris agreement. dear honourable guests, governor villeroy spoke about what the ngfs has achieved in the three years since its inception. let me now say a few words on the way ahead. because, as you know, our job is far from finished. financial firms wield leverage over their clients and hence over the real economy. central banks and supervisors on their turn wield enormous leverage over their respective financial sectors. therefore, central banks and supervisors have double leverage. and the ngfs adds a triple layer of leverage : by pushing our now almost 80 member central banks and supervisors around the world into a paris agreement compatible exercise of their mandates. with great leverage comes great power and with great power comes great responsibility. we will continue to push as hard as we can on our triple lever. in the coming years, the ngfs will continue to provide a platform for its members to exchange experiences and best practices. constantly encouraging, supporting and propelling those behind to catch up with those at the forefront. we will focus on gaining a deeper understanding of how climate change and biodiversity loss affect our own balance sheets and the balance sheets of the financial institutions we supervise. this will boost the quality of the management of the financial risks caused by climate change and biodiversity loss. i say : climate change and biodiversity loss because it is high time to go beyond climate : the world cannot afford to focus on climate change for the next decades and then turn its attention to biodiversity loss. by then there will be no biodiversity left to save. and the financial risks caused by such loss will have manifested themselves much earlier. so what do we need? better and comparable data are imperative, as well as the further improvement of future - looking risk management tools such as stress testing based on climate and environmental scenario ’ s. we will also continue to practice what we preach by showing how central banks ’ reserves can be invested in more sustainable and responsible ways and we are looking further into how climate risks affect our monetary policy. yet we cannot do this alone. governments need to further develop taxonomies and clear transition paths, so that companies, households and financial firms know what to expect and can make better investment plans. standard - setters must set global reporting frameworks. financial and non - financial firms must improve their disclosures. crucially,