About REDES

The Network of Regulators for Sustainable Development (REDES) is an initiative of the Inter-American Development Bank (IDB), in collaboration with the Association of Banking Supervisors of the Americas ASBA, and participation of the the Network of Central Banks and Financial Supervisors for Greening the Financial System, NGFS, as well as of the International Organization of Securities Commissions, IOSCO. It aims to support financial regulators, supervisors, central banks, and public agencies on the development of country-level strategies toward sustainable financial sectors. 

A pathway towards green and inclusive growth requires, among other issues, policy frameworks to promote financial stability and market discipline by mitigating risks and providing regulatory transparency in the financial sector, as well as innovative financial instruments. Sustainability and the transition to a low-carbon and more resource-efficient economy are also relevant to ensure long-term competitiveness in LAC. In this scenario, national financial authorities are seeking to understand and assess new risks and opportunities, so that they can be translated into effective strategies to generate new sources of information for market players, influence the capital allocation and facilitate the transition to a more sustainable economy.

The mission of REDES is to promote sustainable regulation and supervision among Latin American and Caribbean countries and consolidate a regional forum to identify common challenges and facilitate the coordination of policies and initiatives in the face of the global agenda

Including regional workshops and other initiatives to create awareness and identifying the main challenges regarding ESG and climate risks within the financial sector.

Collaborative initiatives with financial and monetary authorities, aimed at supporting public policy proposals, understanding and managing financial sector exposures to risks associated with climate change and / or ESG issues.

•  Technical studies to support the implementation of regulatory and supervisory initiatives toward more efficient and sounder financial sectors, taking into account ESG and climate issues. 
•  Training process to level understanding of global standards and recommendations on sustainable finance, particularly on regulation and supervision of the financial sector toward climate and ESG-related risk mitigation and other sustainable finance incentives.