1、CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Climate Change and U.S. Financial Regulators: Overview and Recent Actions Updated August 26, 2021 Under the Biden Administration, financial regulators have announced a range of new measures to address financial risks assoc
2、iated with climate change. The Department of the Treasury, the Securities and Exchange Commission (SEC), and the Federal Reserve have each announced new steps: The Treasurys announcement covers a range of issues including public spending, macroeconomic effects, and international cooperation. The SEC
3、s addresses investor disclosure requirements relating to climate risks and the classification of funds marketed to investors as environmentally friendly. The Feds relates to lending risks for individual financial institutions and to systemic financial risks related to climate change. This Insight pr
4、ovides an overview of these actions and how they interrelate. Background: Financial Sector Climate Risks An international standard-setting body, the Financial Stability Board, has noted that climate change can affect financial stability and asset prices either through physical risks such as more dam