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Climate and nature will be integrated into banking supervision in OIC markets faster than most banks expect
WWF have released their latest update to their evaluation of central bank and financial supervisors’ policy responses on sustainability, climate and nature issues. Among the six OIC countries covered (Indonesia, Malaysia, Morocco, Saudi Arabia, Türkiye and the UAE), there was wide variability in the ways that sustainability, climate and nature risks are being addressed. Policy responses among OIC countries and across the 47 countries covered showed no correlation with countries’ income levels.