Top Fed Official Sees Path To Mandatory Climate Disclosure Rules

A top Federal Reserve official says the central bank is moving toward a series of mandatory and other measures that would eventually require the financial services sector to assess and disclose potential exposures to various climate risks, a stance that could be at odds with the more-cautious approach detailed in a new industry coalition’s principles. Lael Brainard, a Fed governor who previously served in a top role in the Obama Treasury Department, told a Feb. 18 conference sponsored by the...