Topic
Climate Risk Management
12 published works
Green Building Law Update
Federal Bank Regulators Withdraw Climate Mandates
On October 16, the Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency jointly “.. announced the withdrawal of their interagency Principles…
Eye on ESG
NYDFS Finalizes Climate Risk Management Guidance
By Matthew Bisanz, Kris D. Kully, Jeffrey P. Taft
On December 21, 2023, the New York Department of Financial Services (“NYDFS”) finalized guidance on how the banks and mortgage institutions it regulates (“New York Institutions”) should manage climate-related financial…
Consumer Financial Services Review
NYDFS Finalizes Climate Risk Management Guidance
The New York Department of Financial Services finalized guidance on how banks and mortgage institutions should manage climate-related financial and operational risks. The agency's guidance creates extensive obligations for New…
Global Regulation Tomorrow
Basel Committee newsletter on the implementation of the principles for the effective management and supervision of climate-related financial risks
On 22 November 2023, the Basel Committee on Banking Supervision (Basel Committee) published a newsletter on the implementation of the Principles for the effective management and supervision of climate-related financial…
Global Financial Regulatory Blog
OCC, FRB, and FDIC Finalize Joint Principles for Climate-Related Financial Risk Management
Guidance for the largest US financial institutions is intended to promote climate risk management consistent with general safety and soundness practices. By Sarah E. Fortt, Betty M. Huber, Arthur S.…
Eye on ESG
Climate Action and Banks: Review of Climate Action Plans Released by US Federal Reserve
By Matthew Bisanz, Sam Eastwood, Tim Baines
In January 2023, the Board of Governors of the Federal Reserve System released a report that reviews the climate action plans of global systemically important banks (“G-SIBs”) and summarizes the…
Global Financial Regulatory Blog
NYDFS Proposes Guidance on Climate Change Risk Management
The Guidance would increase expectations for regulated financial institutions to identify, measure, monitor, and control climate-related financial risks. By Betty M. Huber, Arthur S. Long, Pia Naib, Austin J. Pierce,…
Consumer Finance Monitor
OCC Requests Feedback on Principles of Climate-Related Financial Risk Management for Large Banks
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. Feedback must be submitted by February…
Cov Financial Services
OCC Issues Draft Principles for Climate Risk Management
By Covington Financial Services
On December 16, 2021, the Office of the Comptroller of the Currency (“OCC”) issued draft principles (the “Proposal”) on the identification and management of climate-related financial risks by OCC-supervised banks…
Global Regulation Tomorrow
Climate Financial Risk Forum second set of guides to help the financial industry effectively manage climate-related financial risks
On 21 October 2021, the Climate Financial Risk Forum (CFRF) published its second set of guides to help the financial industry effectively manage climate-related financial risks. The CFRF has been…