In a recent government meeting, concerns were raised regarding the influence of foreign adversaries on the Network for Greening the Financial System (NGFS), particularly highlighting the membership of the Bank of Russia and the People's Bank of China. Professor Skinner expressed alarm over the potential impact these countries could have on the U.S. financial system, noting a significant lack of transparency surrounding the NGFS's operations and funding sources.

Skinner pointed out that the NGFS, which is formally linked to the Central Bank of France, may receive grants from various climate activist groups and corporations. This raises ethical questions, especially considering that the U.S. Federal Reserve, which relies on NGFS's scenario analysis work, operates under a mandate that does not include proactive environmental initiatives. The professor emphasized that if similar funding practices were occurring within the U.S., it would be deemed an ethical crisis.

The discussion also touched on the need for greater scrutiny of global governance bodies like the NGFS. Skinner suggested that implementing public meetings and visible rules could enhance understanding of the influence exerted by countries such as China and Russia within these organizations. The meeting underscored the urgent need for transparency in international financial frameworks to safeguard against potential foreign manipulation.