MNB Researches Financial Risks Posed by Decline in Biodiversity
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The National Bank of Hungary (MNB) on Thursday announced the launch of a European Union-funded research project that will assess financial risks related to the decline in biodiversity and develop financial supervisory methodologies to address those risks, according to a report by state news wire MTI.
The supervisory framework produced by the project will raise awareness of exposure to the risks among lenders active on Hungary's retail banking market, MNB said.
The OECD is a consultative partner in implementing the close to a two-year project conducted in cooperation with the European Commission's Directorate-General for Structural Reform Support.
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