Archive

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

    25 October 2023

    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

    12 May 2023

    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.