Archive

Wildfires and floods will make parts of US off-limits to insurance, says Fed's Powell

Fed leaves NGFS ahead of Trump inauguration

US braced for stifling impact of Trump presidency on bank climate regulation

Climate-related regulation of US banks is set to stagnate "at best" and faces the prospect of anti-ESG rulemaking at federal level, according to a prominent former regulator.

Republican congressmen question Fed, FDIC membership of NGFS

Fed must address climate 'elephant in the room'

Extent of Fed's future focus on climate 'hinges on' US election

The likelihood of a follow-up climate scenario analysis or even a first stress test exercise by the Federal Reserve could hinge largely on the outcome of the US federal election in November, a consultant has predicted.

US banks lament data gaps in first Fed climate scenario analysis

The Federal Reserve's first climate scenario analysis of the country's six largest banks exposed widespread data gaps that threaten to undermine the accurate assessment of climate-related risks.

US climate finance principles published by regulators - but two Fed governors refuse to sign

The main banking and financial services regulators in the US have agreed principles on how to manage climate risk - but they resisted calls to promote the transition to a lower carbon economy, as the controversial document caused a rift within the Federal Reserve.

Climate change does not pose serious risk to financial stability, says Fed governor

Climate change does not pose a serious risk to large banks or the financial stability of the US, a governor at the US Federal Reserve has said.

NY Fed: US bank transition risk exposure 'meaningful, but manageable'

Research by the New York Federal Reserve said that US banks have a "meaningful" but "not very large" exposure to climate transition risk in their loan portfolios, with even the most severe scenarios impacting no more than 16% of their loan books.