OCC withdraws from interagency climate-related risk management principles for large banks
In a statement, the OCC called the principles for guiding banks on climate-related financial risk "overly burdensome and duplicative."
Tag: Climate
SEC ends court defense of climate disclosure rules
The SEC voted to end its defense to several court challenges of its climate disclosure rule. The Biden-era rule requires ...
Debate in the states
As legislative battles over ESG issues heat up at the state level, are bank DEI initiatives in jeopardy?
ABA, associations urge lawmakers to bolster funding for CDFI Fund
ABA joined the Community Development Bankers Association, National Bankers Association and two other associations in urging members of the House ...
SEC pauses enforcement of climate disclosure rule
The SEC issued a stay on enforcement of its climate disclosure final rule while federal courts consider several challenges to ...
Laboratory experiments
High-profile banking laws driven by politics and model policies are roaring out of state legislatures—our “laboratories of democracy.” And are ...
FSB report warns of rising financial stability risk
The current environment of swiftly rising interest rates, combined with tighter financial conditions, greater market volatility and slowing global growth ...
Banks must be free to make lending decisions, Nichols says during Texas energy tour
ABA President and CEO Rob Nichols last week joined Texas Bankers Association Chairman Ford Sasser and CEO Chris Furlow on ...
ABA comments on FAF draft strategic plan
As the Financial Accounting Foundation considers a proposed strategic plan, ABA is recommending the organization consider ensuring that post-implementation reviews ...
FSB issues progress report on climate risk efforts
The Financial Stability Board today issued a progress report on its work to implement its roadmap for addressing climate-related financial ...
