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WASHINGTON (Reuters) - U.S. regulators will “eventually” have to factor climate change risks into bank capital rules, but it is still too soon to say when that would become necessary, a top official told Reuters.
FILE PHOTO: Students attend a protest rally to call for urgent action to slow the pace of climate change, in Los Angeles, California, U.S., March 15, 2019. REUTERS/Lucy Nicholson/File Photo/File Photo
Acting Comptroller of the Currency Michael Hsu said in an interview that regulators were still exploring the best way to incorporate climate change risks such as extreme weather events or major policy shifts into bank supervision and oversight.