The banking industry is a long way from fully implementing new climate risk tools, with most large and regional institutions still in the early stages of conducting the analyses that regulators are poised to recommend.
That’s according to a new survey, which found that only 12% of the North American banks polled were already running so-called “scenario analyses” on climate risk.
Polo Rocha is a Mexico-based freelance reporter who worked at American Banker from 2021 to early 2025, covering consumer finance and national banking trends. He previously covered the Federal Reserve … Read full bio
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Federal Reserve Gov. Lisa Cook said Thursday that private credit does not seem to pose additional risks to the financial system at the moment, but added that more information about the opaque market is needed.
JPMorganChase, Goldman Sachs, Citi, Morgan Stanley, Wells Fargo and Bank of America are among the biggest backers of data centers. Community opposition isn't slowing them down, but it's making them rethink their approach to managing risks.
The Federal Reserve governor warned in a speech Saturday that lower capital requirements and lighter supervision could create a credit 'sugar high' that could spur excessive risk-taking, with potentially significant long-term consequences.
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