Bloomberg Law
March 30, 2022, 3:16 PMUpdated: March 30, 2022, 7:40 PM

FDIC Wants Big Banks to Measure, Plan for Climate Change Risks (2)

Evan Weinberger
Evan Weinberger

The Federal Deposit Insurance Corp. released an outline for how large banks should measure and plan for climate change risks.

The banking regulator’s proposed guidance, issued Wednesday, calls on banks with $100 billion or more in total assets to measure the risks that a warming planet poses to its operations. The document also calls for banks to assess how the transition to new energy technologies could impact their lending and credit portfolios.

“Climate-related financial risks pose a clear and significant risk to the U.S. financial system and, if unmitigated, may pose a near-term threat to safe and sound banking and ...

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