Federal Reserve Governor Lael Brainard said on Tuesday that the Fed will establish a financial stability climate committee, as reported by Reuters. Additional takeaways “Fed’s new committee will approach climate risks to financial stability from a macroprudential perspective.” “Fed needs a framework to address micro and macroprudential considerations on climate risk.” “Climate scenario analysis may be a helpful tool to assess financial system risks.” “Climate change could increase financial system vulnerabilities.” “Climate change already imposing substantial economic costs.” “Financial market participants who don’t address climate risks face losses.” “Risk management, disclosures can ensure financial system resilience.” “Mandatory disclosures on climate risk likely to be important.” Market reaction These comments had little to no impact on the greenback’s performance against its rivals. As of writing, the US Dollar Index was up 0.55% on the day at 92.25. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Powell speech: Highly accommodative policy appropriate right now FX Street 8 months Federal Reserve Governor Lael Brainard said on Tuesday that the Fed will establish a financial stability climate committee, as reported by Reuters. Additional takeaways "Fed's new committee will approach climate risks to financial stability from a macroprudential perspective." "Fed needs a framework to address micro and macroprudential considerations on climate risk." "Climate scenario analysis may be a helpful tool to assess financial system risks." "Climate change could increase financial system vulnerabilities." "Climate change already imposing substantial economic costs." "Financial market participants who don't address climate risks face losses." "Risk management, disclosures can ensure financial system resilience." "Mandatory disclosures on climate… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
