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Treasury Secretary Yellen Warns That Losses Tied to Climate Change Could Cascade Through the Financial System – NBC Chicago

Treasury Secretary Janet Yellen said a “delayed and disorderly transition” to a net-zero emissions economy could create shocks to the financial system.

United statesExchange commissionFinancial stability oversight councilFinancial risk advisory committeeTreasury secretaryJanet yellenClimate related financial risk advisoryClimate related financial risk advisory committeeWest coastPresident bidenInflation reduction act

Treasury Secretary Yellen Warns That Losses Tied to Climate Change Could Cascade Through the Financial System – NBC New York

Treasury Secretary Janet Yellen said a “delayed and disorderly transition” to a net-zero emissions economy could create shocks to the financial system.

New yorkUnited statesExchange commissionFinancial stability oversight councilFinancial risk advisory committeeTreasury secretaryJanet yellenClimate related financial risk advisoryClimate related financial risk advisory committeeWest coastPresident bidenInflation reduction act

Treasury Secretary Yellen Warns That Losses Tied to Climate Change Could Cascade Through the Financial System – NBC 6 South Florida

Treasury Secretary Janet Yellen said a “delayed and disorderly transition” to a net-zero emissions economy could create shocks to the financial system.

United statesExchange commissionFinancial stability oversight councilFinancial risk advisory committeeTreasury secretaryJanet yellenClimate related financial risk advisoryClimate related financial risk advisory committeeSouth floridaWest coastPresident bidenInflation reduction act

Testimony Of US Secretary Of The Treasury Janet L Yellen Before The Committee On Banking, Housing, And Urban Affairs, U S Senate

<p><span>Thank you, Chairman Brown, Ranking Member Toomey, and Members of the Committee. I am pleased to speak with you today about the Financial Stability Oversight Council’s (Council) 2021 annual report. The report is a collaborative effort of the Council member agencies. It is a vehicle for providing Congress and the public with the Council’s collective assessments of potential risks to U.S. financial stability. Today, I will highlight a few topics in the report and provide an update on the Council’s activities since the report’s publication.</span></p>

Hedge fund working groupInteragency working group on treasury market surveillanceFinancial stability oversight councilFinancial risk advisory committeeMembers of the committeeFinancial risk committeeOffice of financial researchExchange commissionChairman brownRanking member toomeyDodd frank actInteragency working groupTreasury market surveillanceFinancial researchClimate related financial riskClimate related financial risk committee

Financial Stability Oversight Council Issues Key Report Declaring Climate Change As An Emerging Threat To U S Financial Stability - Finance and Banking

In the Report, the FSOC declares climate change as an emerging threat to U.S. financial stability.

Steven mufson maxine joselowJeromeh powellHenry englerAnna hirtensteinGabriel rosenbergBetty huberGary genslerJean eagleshamJanetl yellenAllison herren leeMargaret tahyarJason halperF on corpCouncil response to climateFinancial stability oversight councilFinancial stability board task

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