The U.S. Treasury Department said on Thursday it was withdrawing from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system.

In a statement, the Fed said it was exiting the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) because its increasingly broadened scope had fallen outside the ...

And on Friday, the Federal Reserve withdrew from a network of regulators that studied climate change risk ... It became an umbrella group for net zero alliances with requirements that were ...

WASHINGTON, United States — The US Federal Reserve is pulling out of an international climate change initiative ... said it was withdrawing from the group because it had “increasingly ...

The US Federal Reserve System (US FRS) has decided to withdraw from The Network for Greening the Financial System (NGFS), an international network of central banks and regulators to develop methods ...

The Treasury Department announced Thursday that it was withdrawing from an international group of regulators and central bankers that studies the financial risks of climate change, carrying out ...

the Board of Governors of the Federal Reserve System announced its withdrawal from the NGFS. Its seven board members voted five in favor of leaving the group, with two governors abstaining.

The stated reason for withdrawal is that NGFS expanded the scope of its activities beyond the Federal Reserve's and the ... addressing the effects of climate change was beyond the statutory ...

The Federal Reserve had joined the network in 2020, becoming part of a growing group ... The withdrawal from the NGFS marks a significant shift in the Fed's approach to climate and environmental ...

Eccles Federal Reserve Board Building ... The central bank joined the group in 2020. The exit comes three days before President-elect Donald Trump, who is critical of efforts by governments to ...

The US Federal Reserve says it has withdrawn from an international network of financial authorities focused on climate change policies ... As a reason for its withdrawal, the Fed said in a ...

US Treasury Department Withdraws From Global Regulatory Climate Change Group WASHINGTON (Reuters ... "The U.S. Department of the Treasury's (Treasury) Federal Insurance Office (FIO) today ...