A group of 19 large banks in the United States and Canada has formed a climate risk consortium in response to calls from investors and regulators that banks work to mitigate climate-related risks within their own operations, as well as similar risks posed by the activities of their clients, customers, and borrowers.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...