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US climate finance principles published by regulators - but two Fed governors refuse to sign
25 October 2023The 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.
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US financial stability body says closing climate data gaps a priority
29 July 2022The US Financial Stability Oversight Council (FSOC) has reported "considerable progress" by its members in addressing the threat to financial stability posed by climate change, but identified plugging data gaps as a priority for future work.
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US financial regulators urged to address climate risk
07 January 2022US financial regulators have been urged to make 2022 a year of action on climate change.
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US banking regulator drafts climate risk principles
20 December 2021The US Office of the Comptroller of the Currency (OCC) has opened a consultation on climate-related financial risk principles for banks while acknowledging "emerging risks" from climate change.
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US financial regulators acknowledge climate action needed amid 'increasing threat'
25 October 2021US regulators have identified climate change as an "emerging and increasing threat" to US financial stability for the first time
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US regulator banking rule seeks to 'prop up' fossil fuel financing
15 January 2021The US Office of the Comptroller of the Currency (OCC) has been accused of staging a "last ditch" attempt to prop up financing for fossil fuel through its "fair access" rule for banks, amid a rising tide of lenders announcing plans to phase-out such funding.