Financial Services Financial Services

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,

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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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