Insights

Biden_Executive_Order_on_Climate_SOCIAL

Biden's Executive Order on Climate-Related Financial Risk: What's Next for Financial Institutions?

President Biden issued an Executive Order asking the Secretary of the U.S. Department of the Treasury to work with the Financial Stability Oversight Council to assess risks that climate change poses to the financial system. The Executive Order highlights the growing regulatory focus on climate-related financial risks, which will likely manifest itself through a growing number of related supervisory initiatives. This White Paper describes the Executive Order, along with recent guidance and statements of the U.S. federal and state financial services regulators, and offers a look ahead at what's next.

Read the full White Paper.

Jones Day publications should not be construed as legal advice on any specific facts or circumstances. The contents are intended for general information purposes only and may not be quoted or referred to in any other publication or proceeding without the prior written consent of the Firm, to be given or withheld at our discretion. To request reprint permission for any of our publications, please use our “Contact Us” form, which can be found on our website at www.jonesday.com. The mailing of this publication is not intended to create, and receipt of it does not constitute, an attorney-client relationship. The views set forth herein are the personal views of the authors and do not necessarily reflect those of the Firm.