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Underestimating climate risks could threaten banking system, says Federal Reserve
06 January 2023"Much work lies ahead" for large banks on measuring climate risk and Scope 3 emissions, with inadequate assessment of climate risks posing a potential threat to the banking system,...
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Federal Reserve preparing climate risk framework
06 December 2022The US Federal Reserve Board has called for feedback on a framework to help large banks manage physical and transition climate-related risks.