Orrick, Herrington & Sutcliffe LLP

Financial Oversight Group Ends Climate Risk Committee Charters

The Financial Stability Oversight Council (FSOC), on September 10, chopped the charters of its Climate-related Financial Risk Committee (CFRC) and Climate-related Financial Risk Advisory Committee (CFRAC). These committees sprouted during the Biden Administration. They aimed to unravel how climate change could shake up our financial stability. [View source.](#) While the CFRC was a melting pot […]