Fed Study Suggests Banks Increase Focus On Climate Transition Risks

December 13, 2021
A new study from the Federal Reserve is urging banks to increase their focus on the adverse economic “transition” risks of climate change rather than the acute physical impacts of disasters, finding banks aren’t adversely impacted by severe weather events, though economic experts are warning against using the research to predict future impacts. In a November study , “How Bad Are Weather Disasters for Banks?” researchers at the New York Fed find past acute weather disasters “had insignificant or small...


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