Fed Tells Banks They Won't Need To Do Climate Stress Tests

 The Federal Reserve has told Wall Street banks that they won't need to submit data for climate stress tests, Bloomberg News reported Thursday, citing people familiar with the matter.

JPMorgan Chase, Citigroup, Goldman Sachs and three other lenders will not be required to make any submissions for the Fed's Climate Scenario Analysis Exercise this year because the program has been shut down, the report said.

https://www.newsmax.com/finance/streettalk/federal-reserve-banks-climate/2025/02/06/id/1198076/