Advocates Hope New Fed, SEC Officials Advance Climate Risk Policies

Climate advocacy groups are hoping that newly installed top officials at financial regulatory agencies will boost work to measure and regulate climate-related risks at banks and other financial institutions, highlighting their call for such agencies to move beyond more general principles and toward more robust regulation. The new officials include Michael Barr, who took his oath of office to be vice chair for supervision (VCS), the point person for the Federal Reserve’s regulatory agenda, on July 19. In addition, Jaime...