The effects of climate change pose ... could lead to higher credit risk for the banks, the report said. There could also be feedback loops created between the financial system and the real economy due ...

The Federal Reserve told six major U.S. banks they won't need to submit results from climate stress tests this year as the program was shut, according to a media report.

The devastation of communities across Southern California will, inevitably, cause tremendous stress on the banks that serve ...

The recent Los Angeles wildfires are only the latest reminder that banks need to steel themselves against climate change both ...

Fed dials back regulatory burden on major US banks, ending climate stress test and rolling out more favorable 2025 scenario.

The central bank formally joined the Network of Central Banks and Supervisors for Greening the Financial System in December ... lenders to disclose the climate risk in their portfolios.

The U.S. Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system.

The Federal Reserve is ending its program that requires the largest U.S. banks to submit data for climate stress tests, Bloomberg’s Alastair ...

In a statement, the Fed said it was exiting the Network of Central Banks and Supervisors for Greening the Financial System (NGFS ... efforts to police climate risk in the banking sector, and ...