Business & Finance

Reuters reveals Fed privately presses big banks on risks from climate change

Reuters broke the news that the U.S. Federal Reserve has asked lenders to start providing information on the measures they are taking to mitigate climate change-related risks to their balance sheets. The previously unreported supervisory discussions highlight how U.S. watchdogs are moving to execute President Joe Biden’s agenda to incorporate climate risk into the financial regulatory system, with potentially major ramifications for Wall Street.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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