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Blog/News ArticleFinancial Regulation

Banking Regulators Act in the Face of Headwinds to Address Climate Risk

This blog discusses new regulations released by a group of independent federal agencies that demonstrate a partisan divide on the subject of climate-related financial risk. However, these regulations are a positive step towards recognizing and addressing climate-related financial risk alongside other risks that the financial sector has been considering for…
Chloe Field
November 10, 2023
Agency FilingFinancial RegulationRisk Management

Comments to the CFTC on Potential Regulatory Amendments Governing Risk Management Programs

These comments support the CFTC’s intention to update its risk management program regulations, and in particular urge the CFTC to ensure that such programs adequately account for climate-related financial risks. The ANPRM asks whether the CFTC should consider enumerating climate-related financial risk in the risk management program regulations. Whether through…
Financial RegulationRegulatory ActivitiesSummary Document

A Summary Report on Climate-Related Financial Risk Assessment

This report summarizes outcomes from a series of workshops hosted Fall and, in particular, highlights the discussions centered around how climate-related financial risk assessments are currently conducted. This report also collates community concerns and identifies opportunities for improvement in the process of conducting and using climate-related financial risk assessments.
Agency FilingFinancial RegulationRisk Management

Comments on the NCUA’s Request for Information on Climate-Related Financial Risk

These comments were submitted to the NCUA in response to its request for information on current and future climate and natural disaster risks to federally insured credit unions, related entities, their members, and the National Credit Union Share Insurance Fund. EDF and IPI support the NCUA's intention to promote safety…
Event/ConferenceFinancial RegulationRegulatory ActivitiesRisk Management

Testimony of Carolyn Kousky on Reauthorization and Reform of the National Flood Insurance Program

This testimony from a Senate Committee on Banking, Housing, and Urban Affairs hearing the reauthorization and reform of the National Flood Insurance Program (NFIP) highlights the ways in which the NFIP can improve community resilience to climate change and extreme weather events. Flood insurance has a critical role to play…
Carolyn Kousky
May 2, 2023