Treasury’s Research Arm Aims To Improve Climate Data, Aiding Regulators

The Treasury Department’s research arm is aiming to address some data and methodological gaps financial regulators are confronting as they try to address climate-related risks to banks and the broader economy, a move that could ultimately boost such regulatory efforts. “To accurately assess this risk, financial regulators will need a unique lens: one where climate and financial data can be combined and analyzed. This requires high-powered computing to invest large, often complex data sets, as well as advanced statistical software...