View or download a PDF of the systemic risk letter here.
View or download a PDF of the climate systemic risk letter here.
AFR Education Fund submitted a letter to the Financial Stability Oversight Council opposing the administration’s effort to weaken oversight of nonbank financial firms, even as administration officials raise contagion risk concerns about many such firms. If implemented, the guidance’s proposed policies would heighten the threat of systemic risk across the financial system.
AFR Education Fund also submitted a joint letter with Public Citizen and Sierra Club on the growth of climate-related systemic financial risk that threatens large nonbank financial institutions like property insurers and is contributing to widespread consumer financial harm.