Sector Regulation Sector Regulation

US Fed `very likely’ to deploy climate stress-test scenarios for large banks, Powell says

By Neil Roland
  • 11 Jan 2022 17:28
  • 11 Jan 2022 17:28
The US Federal Reserve is “very likely” to ensure climate stress-test scenarios are applied to large banks to make sure they analyze climate-related risks in their business model, Fed Chair Jerome Powell told lawmakers today.

“I think it’s very likely that climate stress scenarios, as we like to call them, will

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