OCC Requests Feedback on Principles of Climate-Related Financial Risk Management for Large Banks
CFPB Monitor
DECEMBER 20, 2021
On December 16, 2021, the Office of the Comptroller of the Currency (“OCC”) released draft principles for climate-related financial risk management for large banks. Transition risks are those caused by shifts in policy, consumer and business sentiment, and technologies in conjunction with necessary measures to limit climate change.
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