In its 2023 Risk Review, the FDIC reported that despite weak economic conditions, increasing interest rates and inflation and financial market stress, the banking industry demonstrated resilience.
News & Insights
Financial Stability Oversight Council staff reported progress in advancing recommendations by the Climate-related Financial Risk Advisory Committee on "actions to address capacity building, disclosure, data, and assessment and mitigation of risks."
At a hearing before the Senate Appropriations Subcommittee on Financial Services, Senator Joe Manchin (D-WV) challenged SEC Chair Gary Gensler on his intention to move forward on the proposed Climate Disclosure rule.
Before the House Subcommittee on Financial Institutions and Monetary Policy, regulators and state officials testified on efforts to address climate-related financial risk.
The House Financial Services Committee considered testimony on the impact of ESG proxy proposals and recommendations to reform the shareholder proposal process.