Financial Services Financial Services

US Fed asks to join global climate-change banking group

By Neil Roland
  • 10 Nov 2020 17:43
  • 10 Nov 2020 17:43
The US Federal Reserve has asked to join the international group of central banks trying to identify and manage risks to the financial system posed by global warming, said Governor Randal Quarles, the Fed’s regulatory chief.
“I expect they will grant it,” he told the Senate Banking Committee today.


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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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