Work on a “new direction” for the federal bank deposit insurer will begin on Jan. 20, the likely next acting chairman of the agency’s board said Friday, including a lesser focus on process, an “open-minded […]
Efforts to assess certain large banks’ climate-related risk management are already underway, with the national bank regulator reporting in its fiscal 2023 annual report Monday that it was already conducting “exploratory” reviews. This statement by […]
Joint analysis of financial-stability risks is the aim of a database for federal financial institution regulators that was unveiled Friday by Treasury’s financial research arm. The first focus of the database: climate-related financial risk, according […]
Financial stability risks related to nonbank mortgage servicers was among the briefings the top federal financial institution regulators Friday, according to a readout of the regulators’ meeting released by the Treasury Department. In its monthly […]
A “research note” that illustrates credit unions’ exposure to climate-related physical risks – with about one-fourth of insured credit unions reportedly found to be in areas with high or very high risk of negative impacts […]
Guarding against complacency, addressing inequality, adapting to digitalization, and managing climate risk are the top priorities for the leader of the national bank regulator, which are reflected in the agency’s 2022 annual report issued Thursday. […]
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