President Biden's plan to tap Sarah Bloom Raskin as top banking regulator at the Federal Reserve could intensify the central bank's already growing focus on climate change. Catch up fast: The news broke Thursday night that Biden will nominate Raskin, a Duke University law professor, for the powerful role of vice chair for supervision. She was a Fed governor from 2010 to 2014 before joining the Treasury Department during the Obama administration. Why it matters: Raskin has been outspoken on the need for financial regulators to prevent climate change from becoming a systemic risk to the banking system. And she has also ... (full story)