The Fed's Struggle with Bank Regulation and Political Pressure.
TL;DR Summary
The failure of Silicon Valley Bank's climate-focused funds highlights the need for better bank regulation and government oversight to ensure financial stability in the face of climate change. The lack of clear risk management standards and equity supervision in the banking industry leaves investors vulnerable to the potential financial impacts of climate change.
Topics:business#bank-regulation#climate-change#financial-stability#government-oversight#opinion#risk-management
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- Republicans Seek SVB Records From Fed Board, San Francisco Fed Bloomberg
- SF Fed bank's Daly not responsible for SVB failure -former SF Fed chair Reuters
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