“Treasury Secretary Janet Yellin says she will lead an effort by top U.S. regulators to assess the potential risk that climate change poses to America’s financial system, part of a wide-ranging initiative launched by the Biden administration,” the AP reports.
“Yellen says the regulatory review, which will be done by the Financial Stability Oversight Council, [which she chairs,] will examine whether banks and other lending institutions are properly assessing the risks to financial stability.”
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