|
FDIC Acting Chairman Martin J. Gruenberg
Addresses Bankers on Financial Risks of Climate Change
|
|
|
WASHINGTON - Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin J. Gruenberg today addressed the annual convention of the American Bankers Association (ABA) on the financial risks of climate change. Speaking with ABA members in Austin, Texas, Acting Chairman Gruenberg said he is particularly focused on climate-related financial risks that impact the FDIC’s core mission to maintain stability and public confidence in the U.S. banking system.
“Our role with respect to climate change is centered on the financial risks that climate change may pose to the banking system, and the extent to which those risks impact the FDIC’s core mission and responsibilities.”
Acting Chairman Gruenberg also noted that:
- The FDIC will not be involved in determining which firms or sectors financial institutions should do business with; and
- The agency will continue to encourage financial institutions to take a risk-based approach in assessing credit and investment decisions and to consider the risks presented by individual customers or counterparties, as well as the financial institution’s ability to manage the risk.
|
|
The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe. |
|
|
|
