US climate finance principles published by regulators - but two Fed governors refuse to sign
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.
First US central bank-led climate analysis to assess risks to real estate
The six largest US banks are to study the exposure of their real estate portfolios to physical risks posed by climate change, in the country's first climate scenario analysis exercise led by the Federal Reserve Board.
US Fed planning climate scenario analysis for 2023
The 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.