Regulators toss out rules requiring banks to prepare for climate change | NYGazet

The Fed and others no longer believe the requirements are necessary as they are redundant with other provisions banks already make to plan for emergencies.

Regulators are doing away with controversial rules that required banks to plan for losses in the event of climate-related events, according to an announcement Thursday. A joint release from the Federal Deposit Insurance Corporation, the Office of the... [2049 chars]