New York Elevates Climate Risk in Bank, Insurance Supervision

摘要

The New York Department of Financial Services created a new division to assess how climate change affects banks and insurers and integrate such risks in its supervision of the industry.The Climate Risk Division, announced on Wednesday, elevates climate risk to a top-level concern in the state, alongside consumer protection and prudential regulation.New York has been at the forefront of U.S. regulatory efforts to address the risks climate change poses to the financial system.