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US Fed planning climate scenario analysis for 2023
09 September 2022The US Federal Reserve plans to launch a pilot scenario analysis exercise next year, to assess the long-term, climate-related financial risks facing the largest US banks.
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US Fed doubts there will be a single "right" approach to climate-related risk
19 February 2021A governor of the US Federal Reserve said it was "unlikely" that there would be a single "right" approach to judging the financial impact of climate change for the central bank, instead encouraging market innovation on the topic.
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Federal Reserve 'making important progress' on climate change, says governor
21 December 2020The US central bank "has been making important progress in laying the groundwork to incorporate climate considerations where they are material and relevant to our statutory responsibilities," according to a governor of the Federal Reserve.