Treasury's Federal Insurance Office joined the "Network of Central Banks and Supervisors for Greening the Financial System." FIO said it will issue a climate report on insurance supervision and regulation by the end of the year.
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The Treasury's Federal Insurance Office requested public input to help "inform FIO’s assessment of the implications of climate-related financial risks for the insurance sector."
The U.S. Treasury Department published recommendations for improving regulation of the asset management and insurance industries.