U.S. Regulators to Assess Climate Risks

“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.”