The guiding principles are similar to related proposals from other banking regulators, but will require further clarification through the comment process. By Nicola Higgs, Betty M. Huber, Arthur S. Long, Pia Naib, Anne Mainwaring, and Deric Behar On December 2, 2022, the Board of Governors of the Federal Reserve System (Federal Reserve) published proposed Principles … Continue Reading
The US prudential regulator is paying attention to climate risks, and will likely act to mitigate those risks if they threaten financial stability. By Alan W. Avery, Pia Naib, Deric Behar, and Kristina S. Wyatt In its November 2020 Financial Stability Report (the Report), the Board of Governors of the Federal Reserve System (Federal Reserve) … Continue Reading
