N.Y. regulator is first to issue climate guidance for banks, credit unions
Publish Date: 10/29/2020
News Source: American Banker
“Regional and community banks … are more vulnerable to regionally concentrated physical risk, including to sudden extreme events,” … “These banks’ property loans tend to be more geographically concentrated than the loans of larger banks. In addition, CRE [commercial real estate] loans constitute a much larger share — nearly a third — of the loan books of small banks.”
