Powell: Fed not seeking to become climate policymaker
Federal Reserve Chairman Jerome Powell said that the Fed needs to avoid “mission creep” if it wants to maintain the ...
Tag: Climate change
ABA urges Basel Committee to rethink proposed climate disclosures
Citing inconsistencies with the Basel Committee on Banking Supervision’s regulatory capital framework and its recent guidance on climate risk disclosures, ...
SEC approves climate disclosure rule
The Securities and Exchange Commission voted approve new climate disclosure requirements for publicly traded companies.
Déjà vu in state capitals
Legislation on ESG, artificial intelligence and interchange fees are once again on the table during the 2024 legislative sessions.
ABA: Climate disclosure rule would lead to increased costs for smaller banks
The SEC’s proposed greenhouse gas emissions reporting rule could unintentionally result in increased costs and reporting burdens on small banks ...
Regulators add AI to list of financial stability risks
For the first time, the Financial Stability Oversight Council has labeled the use of artificial intelligence in financial services as ...
Basel Committee seeks comment on climate risk disclosure framework
As part of its ongoing work to address climate-related financial risks to the global banking system, the Basel Committee on ...
ABA urges caution on proposed sustainability auditing standards
Citing the nascent state of climate reporting and the resulting confusion by stakeholders of internal control requirements, ABA urged the ...
Treasury Department to collect data on climate risk from insurers
The Treasury Department announced that its Federal Insurance Office will soon begin collecting data from insurers to assess climate-related financial ...
Banking agencies release guidance for climate-related financial risk management
The FDIC, Federal Reserve and Office of the Comptroller of the Currency released interagency guidance for managing climate-related risk at financial ...
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