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U.S. financial regulators in hot seat as Biden ramps up climate agenda | Hellenic Shipping News Worldwide


U.S. financial regulators in hot seat as Biden ramps up climate agenda
As U.S. President Joe Biden escalates his climate change agenda, pressure is growing on the country’s regulators to catch up with Europe and incorporate various risks posed by climate change into their oversight of the financial system.
The White House is expected to soon issue an executive order on climate change which could require the country’s systemic risk watchdog to assess how climate change could hurt financial companies and markets, and to gather and share relevant data.
It could also tell agencies to consider climate change risks when supervising financial firms and to reverse rules introduced by former President Donald Trump’s administration which have curbed sustainable investments, according to progressive groups. ....

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