The US’s largest lenders have shown “significant data and modelling challenges” in their assessment of financial risk related to climate change in a recent exercise conducted by the Federal Reserve.
The findings expose what critics describe as significant deficiencies in lenders’ business models, bringing into question their resilience in the face of accelerating climate change.
Understanding sanctions circumvention risk is complex and time consuming, say global and regional banks
Banks criticised for ‘opaque’ debanking practices
Rise in US Treasury crypto seizures due to major cases and higher bitcoin prices
Bim Afolami tackles regulator on crypto rules and ‘name-and-shame’ proposals