The Federal Reserve Board announced Thursday that it will conduct a climate risk analysis involving six of the largest U.S. banks beginning next year.
Phillip Basil, director of banking policy at advocacy group Better Markets, issued a statement following the Fed's announcement, calling the move "a welcome first step in addressing the urgent need to mitigate climate related financial risks," but adding that the central bank should have conducted it before.
"To date the Fed has woefully lagged behind many of its European counterparts in conducting climate scenario analysis, which is key to identifying, sizing and assessing the risks that climate change poses to the financial system," Basil wrote. The Board of Governors on Thursday announced a new climate risk assessment pilot with six major U.S. banks.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Six big banks to participate in Fed climate risk analysis pilotThe Federal Reserve announced on Thursday that six of the country’s biggest banks will participate in a pilot climate risk analysis exercise set to begin next year.
Weiterlesen »
Fed to kick off climate scenario analysis in 2023 with six large banksThe Federal Reserve announced Thursday that six of the nation's largest banks would participate in a pilot climate scenario analysis exercise in 2023.
Weiterlesen »
World Bank approves $512.2 mln financing for Turkey housing and infrastructureThe World Bank approved $512.2 million in financing for Turkey to expand access to housing and infrastructure that is resilient to climate and natural hazard, the bank said on Wednesday.
Weiterlesen »
Crypto exchange Bitkub targeted by Thai SEC with wash trading claimsThe Thai SEC became the nightmare of local crypto exchange Bitkub. The firm has been accused of market manipulation by wash trading.
Weiterlesen »
Environmental Defender Killed Every Two Days Over Last Decade, Report Finds'All over the world, Indigenous peoples and environmental defenders risk their lives for the fight against climate change and biodiversity loss,' says Global_Witness CEO michaelpmdavis as a new report details 200 activist murders last year.
Weiterlesen »