The Board of Governors of the Federal Reserve adopted new operational risk management requirements for systemically important designated clearing organizations.
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Federal Reserve Board Vice Chair for Supervision Michael S. Barr reported that, going forward, the Federal Reserve plans to focus on supervision over fundamental risk management related to counterparty credit risk practices.
In its November 2021 Financial Stability Report, the Federal Reserve Board assessed economic vulnerabilities and identified a number of potential "near-term shocks" to the stability of the financial system.
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.
In its May 2021 Financial Stability Report, the Federal Reserve Board reviewed current conditions that may reflect vulnerabilities to the stability of the financial system.