FHFA - "Prepared Remarks of Sandra L. Thompson, Acting Director of FHFA, at Financial Stability Oversight Council Prin..."

Title: Prepared Remarks of Sandra L. Thompson, Acting Director of FHFA, at Financial Stability Oversight Council Prin... Source: FHFA Data/Action: Testimonies and Speeches Date: 10/21/2021 Text Preview: ...first step toward addressing the potential effects of climate change on the financial stability of the United States. I want to also acknowledge the thoughtful,... ...disaster risks may pose to the U.S. mortgage finance system and has been actively working to ensure these risks are accounted for through the supervision and oversight of our regulated entities. We are focused on strengthening our capabilities to identify and assess the current and future exposure of our regulated entities to risks related to climate change.  For years, FHFA’s agency-wide Disaster Response Team has coordinated with its regulated entities, government agencies, and other external stakeholders during natural disasters... ...Disaster Working Group to coordinate its many efforts to improve FHFA’s understanding of climate and natural disaster risks and their effects on the regulated entities, the national housing market, and on historically underserved and vulnerable communities.   Earlier this year, FHFA issued a Climate and Natural Disaster...