EXCLUSIVE – Fed privately presses big banks on risks from climate change

While European regulators are this year rolling-out climate-change “stress tests” for lenders, the Fed lags its peers. Fed officials have previously said they are considering a new scenario analysis to help them understand how climate change may affect trillions of dollars’ worth of bank assets, but have not said how or when they would start to apply such tests.
Read the full article at: www.devdiscourse.com

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