How climate risk is already creeping into banking policy.

FSOC report One of the main assignments given to financial regulators by the Biden administration in May's executive order was a major report from the Financial Stability Oversight Council. October 20, 2021 WASHINGTON - How the Biden administration's focus on climate risk will affect regulators' oversight of the U.S. financial system is, slowly but surely, coming into view. SEC climate disclosures The Securities and Exchange Commission emerged as one of the most active financial regulators in trying to measure climate change risk in the U.S. financial system, even before Chair Gary Gensler's arrival at the agency in April. [Extracted from the article]