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Fed Governor Waller casts doubt on need to conduct climate change tests for banks

Fed Governor Waller casts doubt on need to conduct climate change tests for banks

Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022.

Al Drago | Bloomberg | Getty Images

Federal Reserve Governor Christopher Waller on Thursday cast doubt on the need for special focus on how banks are preparing for climate change risks.

While acknowledging the risks that climate change poses, he said catastrophic events like hurricanes and floods don’t generally…


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