Fed's Lael Brainard speaking on climate change and risks Fed forming new committee to monitor climate risks
- mandatory disclosures on climate likely important
- committee to identify risks to financial stability
- Fed needs framework to address micro-and macro prudential considerations on climate risk
- new committee will approach climate risks to financial stability from macro prudential perspective
- may be helpful to tool to assess financial system risks
- disclosures can sure financial system resilient
- mandatory disclosures on climate risk likely to be important
