"Federal Bank Regulator Proposes First Climate Risk Guidance"

"The Office of the Comptroller of the Currency (OCC) on Thursday proposed the first-ever federal climate guidance for banks.

The guidance would be used to identify and manage risks relating to climate change or ecological disaster at any national bank or other OCC-governed institution with more than $100 billion in assets.

In a list of principles, the OCC said financial institutions should incorporate climate-related risks into determining bank strategies and operations, as well as how those risks could affect stakeholder expectations."

Zack Budryk reports for The Hill December 16, 2021.


"OCC Outlines Climate Risk Standards For Big Banks" (American Banker)

Source: The Hill, 12/17/2021