Skip to Primary Navigation

Skip to main content

NYDFS issues final guidance for banks concerning climate change risks

Image of a globe floating.
Photo: Christopher Furlong/Getty Images

Julie DiMauro

2 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

Its regulated institutions need to appropriately manage the material risks associated with climate change as a matter of safety and soundness.

The New York Department of Financial Services (NYDFS) has just released guidance to support efforts by regulated institutions in assessing and managing their material climate-related financial and operational risks.

The guidance clarifies the agency’s expectation that regulated institutions start integrating both financial and operational risks from climate change into their

, , , , , , ,

Get full access, free for a month

Start your 28-day free trial to continue reading and access
all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience