08.01.2022

OFR Launches Climate Data and Analytics Hub Pilot

08.01.2022
OFR Launches Climate Data and Analytics Hub Pilot

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.

The pilot will boost access to public climate and financial data, high-performance computing tools, and analytical and visualisation software.
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.
Nellie Liang, Treasury Department under secretary for domestic finance, says: “Delivering a clearer assessment of financial risks due to climate change requires both climate data and financial data – information that is often siloed – and the ability to integrate these data.”
Today, the Office of Financial Research is taking an important step toward enabling policymakers to better understand and address risks to the financial system posed by climate change.”By providing a shared database of both climate data and financial data and high-powered computing tools, OFR’s climate hub pilot will help streamline regulators’ access to this critical information, providing a new, more comprehensive view of climate-related financial risks.”
Source: OFR

🏆 The 2026 Global Markets Choice Awards are here! 🌍 Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below:
https://www.jotform.com/form/260086385121150

Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio.

As the digital assets industry pushes toward

Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below:

$50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies.

Load More

Related articles

  1. Canada Fragments

    Clients seek more connected insights as private credit scales and diversifies.

  2. Publishing data onchain can lead to unified, transparent, and programmable markets.

  3. Singapore event aims to enhance industry understanding of the forces shaping financial data.

  4. PM Insights provides daily secondary market reference data.

  5. Volatility Futures Broaden Appeal

    This expands retail access to futures markets.