Supervisors must adapt to climate change risks – Fed official

Courtesy of the Federal Reserve Bank of New York
Photo: Courtesy of the Federal Reserve Bank of New York

Supervisory tools must adapt to better suit the risks that climate change poses to financial institutions, the head of supervision at the Federal Reserve Bank of New York said on November 7.  

Risk managers and policy-makers must develop new tools and datasets to identify, monitor and manage climate-related risks, Kevin Stiroh said.

“The US economy has experienced more than $500 billion in direct losses over the last five years due to climate and weather-related events,” the executive vice

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: