Fed Quits Global Climate Risk Group

Citing concerns about going outside its statutory mandate, the Federal Reserve Board of Governors voted to leave the Network of Central Banks and Supervisors for Greening the Financial System.
With intensifying and more expensive climate change events, the Trump administration and bank regulators should require banks ...
The United States Federal Reserve has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a global coalition of central banks engaged in the study of ...