The U.S. Treasury Department said on Thursday it was withdrawing from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system.

In a statement, the Fed said it was exiting the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) because its increasingly broadened scope had fallen outside the ...

And on Friday, the Federal Reserve withdrew from a network of regulators that studied climate change risk ... It became an umbrella group for net zero alliances with requirements that were ...

WASHINGTON, United States — The US Federal Reserve is pulling out of an international climate change initiative ... said it was withdrawing from the group because it had “increasingly ...

In recent weeks, the climate policy landscape has shifted ... Two major developments underscore this retreat: the U.S. Federal Reserve’s exit from the Network of Central Banks and Supervisors ...

the Board of Governors of the Federal Reserve System announced its withdrawal from the NGFS. Its seven board members voted five in favor of leaving the group, with two governors abstaining.

The U.S. Federal Reserve ... of incorporating climate change and related risks into the financial agenda of global central banks and supervising bodies. As of last month, the group’s membership ...

Eccles Federal Reserve Board Building ... The central bank joined the group in 2020. The exit comes three days before President-elect Donald Trump, who is critical of efforts by governments to ...

US Treasury Department Withdraws From Global Regulatory Climate Change Group WASHINGTON (Reuters ... "The U.S. Department of the Treasury's (Treasury) Federal Insurance Office (FIO) today ...

The US Federal Reserve says it has withdrawn from an international network of financial authorities focused on climate change policies ... a global group of financial institutions aiming to ...

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WASHINGTON (Reuters) - The U.S. Treasury Department said on Thursday it was withdrawing from a global body of central banks and regulators devoted to exploring ways to police climate risk in the ...