![Black-box-green-message.jpg.webp](https://thefundsociety.com/wp-content/uploads/2024/06/Black-box-green-message.jpg.webp)
US banks seek to open vendors’ black box on green data
Risk.net
The US Federal Reserve and the country’s largest banks have had their differences, especially in recent months. But the regulator’s first ever climate scenario analysis has revealed a common cause: frustration over the climate risk models provided by third party vendors.
The analysis was launched in January 2023, with the findings published in May this year. Among its conclusions from the exercise, the Fed observed: “Participants noted that the lack of historical data and the proprietary nature
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
The full article is available here. This article was published at Risknet regulation.
Comments are closed for this article!