The US Federal Reserve has blocked an attempt led by the European Central Bank (ECB) to make climate risks a pillar of global rules for banks and require them to report their strategies on meeting climate commitments, sources with knowledge of the matter have told Bloomberg. Some members of the Basel Committee on Banking Supervision (BCBS), which includes central banks and bank supervisors from around the world, have been pushing for making climate risks and ESG commitments the center of new rules for banks everywhere in the world. Members…

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