The U.S. Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system.

The Federal Reserve has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, a global coalition of central banks engaged in the study of climate risk that was launched in 2017.

The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change

The Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system. In a statement, th

The Federal Reserve's withdrawal from an international climate initiative highlights a shift in U.S. policy towards environmental regulations.

The central bank said it had decided to leave the network after the group’s work “increasingly broadened in scope.”

The U.S. Federal Reserve revealed on Friday that it has withdrawn its membership from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a global body of central banks and regulators focused on managing climate risk in the financial system.

The Federal Reserve is withdrawing from an environmental group for global central bankers. The Fed joined the group, the Network of Central Banks and Supervisors for Greening the Financial System, in