Interagency group weighs new climate finance risk council

December 15, 2021
The Financial Stability Oversight Council (FSOC), an inter-agency group whose members include the federal government’s various agencies that regulate the financial sector, is considering whether to create a new committee focused specifically on climate change-related financial risks. During a Dec. 17 meeting, FSOC will vote on whether to create a staff-level Climate-related Financial Risk Committee, according to an agenda . The council in October issued a high-profile report detailing such climate risks and offering a series of recommendations for financial...

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