President Joseph R. Biden issued an Executive Order restricting certain U.S. investments in "covered national security technologies and products" in the People’s Republic of China, Hong Kong and Macau.
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In a new report, the Financial Stability Oversight Council asserted that digital assets could pose risks to U.S. financial stability.
At the 26th UN Climate Change Conference of the Parties , Treasury Secretary Janet L. Yellen applauded private sector support for financing the transition to a net-zero economy.
In a report on climate-related financial risk, the Financial Stability Oversight Council identified climate change as an emerging and increasing threat to U.S. financial stability.
At the Venice International Conference on Climate Change, Financial Stability Board Chair Randal K. Quarles described "foundational components" for climate-related financial risk disclosure. Separately, Secretary of the Treasury Janet L. Yellen called for consistency across climate change reporting frameworks.