NOTEBOOK – ONE GOOD READ: Fact sheet updates data-gathering progress on climate change risks
JOE GARDYASZ Jul 28, 2022 | 8:42 pm
<1 min read time107 wordsAll Latest News, Banking & Finance, Insurance & Investments, The Insider Notebook
Today the Treasury Department’s Financial Stability Oversight Council issued a new fact sheet highlighting some of the regulatory changes that could be ahead for insurance and financial services firms related to identifying and addressing climate-related risks to the financial system. It’s an update to the FSOC’s Report on Climate-Related Financial Risk that it released in October. While the new fact sheet may not be the most exciting read, it’s a relatively brief update on a weighty topic with high stakes both in potential regulatory burdens in the near-term as well as the catastrophic damage that’s becoming more evident globally — like London’s historic 104-degree heat last week.