ABA-Acting OCC Chief Addresses Climate Change Risk Regulation.
ENPNewswire-November 10, 2021--ABA-Acting OCC Chief Addresses Climate Change Risk Regulation
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Release date- 09112021 - In remarks today at the OCC, Acting Comptroller Michael Hsu indicated that the agency plans to address climate change risk regulation with high-level framework guidance and five 'range of practices' questions for large-bank boards by the end of 2021.
The questions are intended to spur conversations at the board level with management and to inform more detailed guidance that would likely be developed in 2022. Examination based upon the guidance will follow after the more detailed guidance in 2022, and a focus on midsize and smaller bank risk will follow after that.
Hsu committed to taking a deliberate, phased and data-driven approach to...
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