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NY Fed: US bank transition risk exposure 'meaningful, but manageable'
11 April 2023Research 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.
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NY Fed: Climate risk 'unconditionally reflected' in credit ratings, spreads
26 April 2022Climate risk related to regulation and environmental performance is "unconditionally reflected" in the credit ratings and pricing among US corporates, according to research by the New York Federal Reserve.