FDIC Acting Chair Gruenberg Delivers Remarks on Climate Risk

On October 3, FDIC Acting Chair Marty Gruenberg delivered remarks regarding climate-related financial risk at the American Bankers Association annual convention.  Gruenberg emphasized that the FDIC “will not be involved in determining which firms or sectors financial institutions should do business with,” but “[w]e want financial institutions to fully consider climate-related financial risks—as they do all other risks—and continue to take a risk-based approach in assessing individual credit and investment decisions.”