Identifying the climate-related risks for big banks
HousingWire Daily
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The Impact of Climate Change on the Banking Industry
The Federal Reserve asked six banks to all respond to one very specific scenario and that would be a hurricane event up in the northeastern states. Each of the banks were able to take a second region and a second type of peril and answer at their own discretion. The Fed had asked for low level detail, and on the first round, they got less than low level,. They're also trying to make that correlation between the climate scenario testing and much of what we learned from Newmark Spent some time with a gentleman by the name of David Rizden who is just an expert in this stuff.
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