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Looking over the Horizon: The Case for Prioritizing Climate-Related Risk Supervision of Banks

Looking over the Horizon: The Case for Prioritizing Climate-Related Risk Supervision of Banks

Full Title: Looking over the Horizon: The Case for Prioritizing Climate-Related Risk Supervision of Banks
Author(s): Yevgeny Shrago, David Arkush
Publisher(s): Roosevelt Institute
Publication Date: June 6, 2022
Full Text: Download Resource
Description (excerpt):

In Looking over the Horizon: The Case for Prioritizing Climate-Related Risk Supervision of Banks, Yevgeny Shrago and David Arkush argue that supervisory oversight of a bank’s safety and soundness is a tool flexible enough to help guard against emerging financial risks posed by climate change—one that can be utilized quickly. Because supervisory guidance is not the product of a formal rulemaking process, it can be deployed with limited administrative delays and avoid pitfalls that impede many legislative and regulatory efforts.

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