Policy and Regulation

US Fed launches consultation on climate risk rules for large banks

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 ...

To continue reading
Request Free Trial

  • Unlimited access to all content.
  • Email alerts highlighting key industry insight.
  • Invitations to attend exclusive roundtables and events.
  • The Sustainable Views Policy Tracker - deep insight on ESG regulations and deadlines.

Read Next:

A silhouette is seen in front of flames at a wildfire near Belin-Beliet, southwestern France, overnight on August 11, 2022
Comment, Daily Briefing
April 18, 2024

Editor’s note: the economics of climate inaction

The latest edition of our Sustainable Views newsletter
Read more