Washington Report 360 | November 13, 2020

FRB featured climate risks in two reports; California passed new privacy legislation; Regulators and Congress focus on LIBOR

Amy S. Matsuo

Amy S. Matsuo

Principal and National Leader, Regulatory Insights, KPMG US

+1 919-244-0266

Key Highlights

  • The FRB featured climate change risks for the first time in each of its two published reports, the Supervision and Regulation Report and the Financial Stability Report; SEC and NY FRB also highlighted the need to incorporate financial risks from climate change into risk management frameworks.
  • California passed new privacy legislation that will expand and supersede the CCPA in 2023 and establish a new Privacy Protection Agency.
  • Focus on LIBOR transition by regulators and Congress.

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