Lael Brainard on the Fed and climate change

I anticipate it will be helpful to provide supervisory guidance for large banking institutions in their efforts to appropriately measure, monitor, and manage material climate-related risks, following the lead of other countries.

~ Lael Brainard, Federal Reserve governor, October 7, 2021

("In pondering the possible consequences of climate change, the Fed has joined many of its global counterparts, including the ECB and the Bank of England, that have been examining what climate-related risks could mean for the banking sector."  ~ The New York Times, October 8, 2021)