US FSOC zeroes in on climate change
Annual report warns “disorderly” policy changes raise the risk of “sudden and disruptive” effects
Climate change is seen as a key risk among US regulators and a priority for 2022, as the US steps up its work on sustainable finance.
The Financial Stability Oversight Council – which brings together the US’s top financial regulators – released its annual report on December 17, detailing several of the key areas in which emerging trends pose substantial risk to the economic wellbeing of the country.
Climate change was top of mind for the council and, as is the emerging practice worldwide
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