#Latest news with #SupervisionClimateCommitteeBloomberg4 days agoBusinessBloombergFed Disbands Climate Groups Studying Financial Stability RisksThe Federal Reserve has disbanded a number of internal groups set up to help the US central bank identify and respond to financial stability threats posed by climate change. Among those dismantled are the Supervision Climate Committee and the Financial Stability Climate Committee, which were established in early 2021. That's around the time the Fed — under President Joe Biden — began to speak more openly about the financial implications of a hotter planet and increasingly erratic weather patterns. Former Fed Vice Chair Lael Brainard said at the time that the two committees were part of an effort to build 'institutional capacity and knowledge' on climate risks and vulnerabilities.
Bloomberg4 days agoBusinessBloombergFed Disbands Climate Groups Studying Financial Stability RisksThe Federal Reserve has disbanded a number of internal groups set up to help the US central bank identify and respond to financial stability threats posed by climate change. Among those dismantled are the Supervision Climate Committee and the Financial Stability Climate Committee, which were established in early 2021. That's around the time the Fed — under President Joe Biden — began to speak more openly about the financial implications of a hotter planet and increasingly erratic weather patterns. Former Fed Vice Chair Lael Brainard said at the time that the two committees were part of an effort to build 'institutional capacity and knowledge' on climate risks and vulnerabilities.
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