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Commentary by Steven Lofchie

Federal Reserve Board Governor Michelle W. Bowman urged banking regulators to prioritize their attention in the new year on (i) fundamental risks such as liquidity and interest rates; (ii) tailoring regulations to the size, complexity and business model of institutions; and (iii) increasing "supervisory transparency."

Commentary by Steven Lofchie

The New York State Department of Financial Services issued guidance for financial institutions on the "management of material financial and operational risk from climate change."