The New York State Department of Financial Services (NYDFS) on Wednesday announced the creation of a new Climate Risk Division to oversee regulated entities’ efforts at managing the financial risks of climate change.

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:...