Financial Regulators Plow Ahead On Climate Focus, Rejecting GOP Concern

Led by Treasury Secretary Janet Yellen, a host of federal financial regulators made clear they are continuing an array of efforts to assess the physical and transition risks posed by climate change, brushing aside concerns from Republicans that such efforts fall outside their authority. Yellen March 31 convened the Financial Stability Oversight Council (FSOC), a statutory body that coordinates independent agencies to ensure the stability of the financial system, to urge the agencies to continue their efforts to assess and...