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US regulators, led by the Federal Reserve, have blocked a push by a global banking watchdog to make climate risk a central focus of global financial rules, according to Bloomberg News. This decision has sparked discussions and reactions, particularly highlighting the Federal Reserve's stance that it is not a political institution for climate policy, as stated by Chair Powell during remarks at Stanford's Business, Government and Society Forum. European central bankers have been involved in the discussions.
US regulators led by the Federal Reserve are said to have thwarted a push to make climate risk a focus of global financial rules: Here’s your Evening Briefing https://t.co/9Eu46vbVeE
US regulators led by the Federal Reserve are said to have thwarted a push to make climate risk a focus of global financial rules: Here’s your Evening Briefing https://t.co/VmYPImCQzu
US regulators led by the Federal Reserve are said to have thwarted a push to make climate risk a focus of global financial rules: Here’s your Evening Briefing https://t.co/bU5LVccO5K
