The US Office of Financial Research (OFR) has launched a climate data and analytics hub pilot to help regulators assess risks to financial stability stemming from climate change.
Participants will be able to integrate data from across the federal government, including wildfire, crop condition, precipitation, and other climate-related data with their public supervisory data for a more precise view of the relationship between climate change and financial stability risk. Access to the pilot initially will be limited to the Federal Reserve Board of Governors and the Federal Reserve Bank of New York. with the goal of expanding access to all of the Financial Stability Oversight Council member agencies.