Federal Regulators Reverse Climate Risk Mandate for Major Banks
Federal banking agencies have eliminated climate risk planning mandates for major financial institutions. The policy reversal reflects ongoing debates about regulatory scope and financial risk management approaches.
Federal Banking Regulators Rescind Climate Planning Mandate
Federal regulators have reportedly withdrawn requirements that the nation’s largest financial institutions incorporate climate risk considerations into their long-term planning frameworks. According to reports, the Federal Reserve and Federal Deposit Insurance Corporation announced the policy reversal Thursday, eliminating guidance originally established during the Biden administration.