Toan Phan reviews the risks faced by banks from the increased frequency and intensity of floods and other extreme weather events, and how banks and financial markets have responded to those risks. Phan is a senior economist at the Federal Reserve Bank of Richmond.

Full transcript and related links: https://www.richmondfed.org/podcasts/speaking_of_the_economy/2024/speaking_2024_10_23_banks_flood_risk