Basel Committee issues voluntary climate disclosure framework
Reflecting significant pushback from both ABA and U.S. banking agencies, the Basel Committee last week issued a framework for voluntary ...
Tag: Climate change
ABA: Education, due process expansion needed for voluntary climate disclosures
Citing stakeholder confusion related to the cost and usefulness of certain climate-related information, ABA urged the Global Reporting Initiative to ...
SEC ends court defense of climate disclosure rules
The SEC voted to end its defense to several court challenges of its climate disclosure rule. The Biden-era rule requires ...
ABA advises flexibility in California climate law regulations
Responding to a solicitation for information issued by California’s Air Resources Board, ABA urged CARB “to allow broad flexibility” to ...
Fed’s Barr urges banking regulators to keep pushing for reforms
In one of his final speeches as vice chairman for supervision, Federal Reserve Governor Michael Barr pushed back against criticisms ...
Fed’s Powell says some areas of U.S. may be ‘uninsurable’ in next decade
Powell said that insurance companies and banks are already "pulling out of coastal areas, areas where there are a lot ...
ABA: Nature-related disclosures are no basis for regulation
Reiterating its opposition to forcing banks to lend to designated favored entities, ABA submitted comments related to proposals on voluntary ...
Trump revokes Biden orders on AI, climate-related financial risks
President Trump rescinded a 2023 executive order directing federal agencies to possibly draft new rules governing the use of AI ...
Federal Reserve exits central bank climate change coalition
The Federal Reserve announced it has pulled out of a coalition of central banks formed to tackle climate change risk ...
FHFA proposes changes to Federal Home Loan Bank governance
The Federal Housing Finance Agency issued a notice of proposed rulemaking that would make substantial changes to the governance structure ...
