Exploring Climate-Related Financial Risks: Insights from the Federal Reserve’s Pilot CSA Exercise
This article provides an overview of the Federal Reserve’s 2024 pilot Climate Scenario Analysis (CSA) exercise, involving major U.S. banks such as Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo. It discusses the key insights from the exercise, the explored risk modules, and the importance of a healthy financial system in addressing climate concerns.
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