plan to set up an industry - led disclosure task force on climate - relate risks in 2016. this initiative was welcomed by the g20. bis central bankers ’ speeches de nederlandsche bank and sustainable finance now, as frank elderson will elaborate on this afternoon, de nederlandsche bank believes it can – and must – contribute to sustainable development. it follows from our legal mandate. and it follows from our mission, which is to contribute to the sustainable prosperity of the netherlands by safeguarding the financial stability. to achieve this, we have begun to incorporate sustainability into our core business. we are conducting research into the carbon bubble, the energy transition and sustainable investments in the pensions industry. the outcomes will be used to advice policy makers and to guide financial institutions into incorporating sustainability more fully into their business. and we are exploring ways to integrate sustainability more fully across our own range of instruments. over the coming period, we will define the exact scope and scale in close co - operation with all our stakeholders. what we do know, however, is that we will increasingly take a forward - looking approach and assume the role of catalyst. this way, we hope to ensure that : – business models of financial institutions are sustainable over the long run ; – the interests of financial service clients are not subordinated to those of the industry ’ s shareholders ; – the organisation of social welfare does not lead to an unintended distribution of wealth and income among generations or groups ; – solid government finances contribute to solid economic development ; – no financial or economic disbalances occur ; – and finally, that the external effects of the economy – including the generation and usage of energy – are adequately priced and regulated. closing remarks ladies and gentlemen, we are at a crossroads. the challenges to our system will have serious, long - term consequences unless we act now. and sustainable development is key to securing the wellbeing and welfare of this generation and the many that will follow. de nederlandse bank is eager to play a catalysing role and use its instruments to promote sustainability. i challenge you to do the same. thank you. bis central bankers ’ speeches

ewart s williams : office of the financial services ombudsman remarks by mr ewart s williams, governor of the central bank of trinidad and tobago, at the launch of the office of the financial services ombudsman, port - of - spain, 29 april 2005. * * * good morning ladies and gentlemen. it is indeed a great pleasure to welcome you all this morning, on behalf of the central bank of trinidad and tobago, to the launch of the office of the financial services ombudsman. a special welcome to minister conrad enill, minister in the ministry of finance for taking the time to be with us on this special occasion. i would like to recognize the president of attic and the vice - president of the bankers ’ association as the major contributors to the fruition of this event, representatives from the participating insurance companies and commercial banks. i am also pleased to welcome four members of the public who had their complaints resolved as a result of the intervention of the market conduct unit of the central bank and who are here with us today to celebrate the launch of this very important office. the majority of the complaints received by that unit will now be considered by the office of the financial services ombudsman. in many ways this event is yet another manifestation of the ongoing integration of the financial sector, under the aegis of a single regulator. this morning we say goodbye to the office of the banking services ombudsman and welcome to the financial services ombudsman judy chang who graduates from being the banking services ombudsman to the financial services ombudsman. it sounds routine but, in fact, all this represents progress. i would like to thank all those who have made this possible. the idea was first broached by the attic executive who thought that the establishment of an ombudsman would be of tremendous assistance in strengthening confidence and credibility in the insurance industry. ( i am told that the idea of an ombudsman for the insurance industry has been floating around for the last ten years ). the non - attic members who have signed on to the scheme deserve a special commendation for accepting the challenge we put to them earlier this year to make the scheme as inclusive as possible. ( we have 90 percent participation among active insurance companies – that is a good participation rate ). i would like to express sincere thanks to the banks, through the bankers association, for their collaboration and their commitment to making this integrated scheme a reality. and finally