
Regulators’ Efforts To Promote Climate Risk Management by Banks Are a Positive Step Forward
The FDIC’s proposed climate-related risk management principles for banks are necessary to ensure the safety and soundness of the financial system.
Alex Fredman is a research assistant for the Economic Policy team at American Progress. Prior to joining American Progress, he was an economic policy analyst at 20/20 Vision, a progressive advocacy firm, and worked on a House campaign in 2020. Fredman received his degree in government and history from Dartmouth College, where he served for a year as executive editor at the student newspaper. A native of St. Louis, Fredman loves baseball and enjoys reading about American history.
The FDIC’s proposed climate-related risk management principles for banks are necessary to ensure the safety and soundness of the financial system.
State insurance regulators and the Federal Insurance Office should enact these policy recommendations to address the risks climate change poses to both insurance companies and insurance markets.
As the U.S. banking industry becomes increasingly concentrated into fewer, larger firms, federal regulators must reform the process by which they approve new mergers.
Todd Phillips and Alex Fredman write about why the SEC and DOJ must use their existing authority to regulate stablecoins.
CAP wrote a comment letter to the Office of Science and Technology Policy on the climate change and environmental effects of crypto assets.
Advocates’ arguments that cryptocurrencies improve access to financial services lack evidence.