"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.

SEE ALSO:

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