02.24.21
Fed’s Powell: Climate Risk Disclosure Should Ultimately Be Standardized
by: Victoria Guida
Federal Reserve Chair Jerome Powell on Tuesday said there should eventually be some standardization in how financial institutions disclose the risks they face from climate change, though he did not say whether such disclosures should be mandatory. At a Senate Banking Committee hearing, Powell said disclosure requirements are the purview of the SEC but added that “financial institutions everywhere” are working on these issues.
Read the full article on Politico Pro.