Banking agencies withdraw climate risk principles
The Federal Reserve, FDIC and OCC announced they have withdrawn an interagency set of principles for climate risk management at ...
Tag: Climate change
CDFI Fund revises climate, race considerations in application process
The Treasury Department issued a revised application process for the CDFI Fund that removes climate-focused financing and amends race-based considerations ...
FSOC ends review of climate change risk
The Financial Stability Oversight Council voted to rescind the charters of two committees formed to advise the council on climate-related ...
ABA supports climate disclosure exclusions, warns of alternative disclosures
In addition to California, for example, five states are currently debating similar laws for companies of various sizes. Among other ...
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 ...
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 ...
