Financial Stability Oversight Council

Climate Change an ‘Emerging Threat’ to U.S. Financial Stability, Regulators Say

WASHINGTON — Federal regulators warned for the first time in an annual report to Congress on Friday that climate change was an “emerging threat” to the U.S. financial system, laying out how the costs associated with more hurricanes, wildfires and floods caused by global warming could lead to a cascade of damage throughout the economy. […]