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New York Fed researchers develop climate stress test for banks

Business & Finance

3 Min Read

(Reuters) - Researchers at the New York Federal Reserve Bank have developed an approach to measuring banks’ exposures to climate-related risks, a possible early step toward assessing whether financial institutions have enough capital on hand to withstand them.

FILE PHOTO: A man walks by the Federal Reserve Bank of New York Building in New York City, U.S., April 26, 2021. REUTERS/Shannon Stapleton/File Photo

The publication Friday of a paper describing the new methodology may mark an early step tow

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