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Policy and Regulation
December 8, 2022

US Fed launches consultation on climate risk rules for large banks

ByVibeka Mair
Morning traffic along Constitution Avenue passes the US Federal Reserve in Washington, DC on August 18, 2022. – US central bankers remain committed to raising interest rates further to quell rising prices, but agreed it would be appropriate to slow the pace of the hikes “at some point,” the Federal Reserve said August 17. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

The decision, while not unanimous, brings the US Federal Reserve in line with other financial regulators, and answer calls for a supervisory framework.

US civil society groups marked a victory on Friday, after the US Federal Reserve announced a consultation on how large banks should ...

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