U.S. Treasury panel approves report flagging climate change as 'emerging' financial risk

  • 10/21/2021
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WASHINGTON, Oct 21 (Reuters) - A U.S. regulatory panel Thursday approved a report that identifies climate change as an “emerging” risk to the U.S. financial system and urges regulators to make it a central concern. The report from the Financial Stability Oversight Council makes a series of recommendations for regulators, and establishes new regulatory groups of staff and outside experts to regularly assess efforts to monitor climate change financial risks. (Reporting by Pete Schroeder; editing by Diane Craft) Our Standards: The Thomson Reuters Trust Principles.

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