Fed's Randal Quarles seeks global coordination on climate-related financial risk - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Fed's Randal Quarles seeks global coordination on climate-related financial risk

Randal Quarles, who is also the Federal Reserve's Vice Chair for Supervision, also called for an international effort to develop comprehensive and comparable data on climate-related risks, including better information on the dangers of extreme weather events to business, bank and household balance sheets.

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