6 major US banks participated in a Federal Reserve climate scenario analysis to assess climate-related financial risks, revealing data gaps and modeling challenges.

6 major US banks (BOA, Citi, Goldman, JPMorgan, MS, Wells Fargo) participated in a Federal Reserve exploratory climate scenario analysis (CSA) exercise to assess their resilience to climate-related financial risks. The exercise revealed data gaps and modeling challenges in estimating climate risk impacts. This exercise, which had no capital consequences, will inform future FRB interactions with banks in measuring and managing climate-related financial risks.

May 09, 2024
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