When climate risk comes home
Community banks in oil and gas towns grapple with the future of climate risk supervision.
Browsing: Oil and gas
Podcast: Exit Interview with Jelena McWilliams, Part 2
McWilliams discusses several policy aspects of her tenure at the FDIC, including climate risk, small-dollar lending, CRA reform and the Mission-Driven Bank Fund.
Brainard: Fed Will Not Tell Banks to Restrict Lending to Oil and Gas Firms
With regulatory scrutiny of climate change-related risks growing, Federal Reserve Governor Lael Brainard promised today that the Fed’s climate risk supervision will not include directives for banks not to lend to specific industries like oil and gas.
Bowman: In Exams, Fed to Focus on Exposure to COVID-Stressed Industries
As the Federal Reserve ramps up its post-COVID-19 examination program, Fed Governor Michelle Bowman said in a speech today, examiners’ “initial focus will be to assess higher risk banks, particularly those with credit concentrations in higher risk or stressed industries.”
Brooks: OCC to Take ‘Serious Look’ at Oil and Gas Lending Decisions
The OCC will take a “serious look” at certain bank decisions not to lend to oil and gas projects in the Arctic, Acting Comptroller of the Currency Brian Brooks said in a letter to Sen. Dan Sullivan (R-Alaska) last week.
Energy Is Rebounding, But Big Challenges Remain
Stubbornly low prices in response to global trends and suppressed demand from COVID-19 will harm oil and gas businesses, workers and communities.
The Bank in the Background
As it marks its centennial, North Dakota’s public bank does its work through private-sector partnerships.
Podcast: Growing a Bank Amid the Ups and Downs of Oil
“If you’re in Midland, Texas, you’re in the oil business,” says Jay Isaacs. “It doesn’t matter if you have a doughnut shop or a dry cleaners.”
FDIC Study: Community Banks Weathered Oil Downturn Well
Community banks exposed to the oil and gas business tended to weather the recent downturn in oil prices well, according to research released in the FDIC’s Supervisory Insights publication today.
Podcast: A Community Bank View from the Oil Patch
The latest episode of the ABA Banking Journal Podcast, sponsored by Velocity Solutions, takes listeners to the “busiest place in the entire country” when it comes to oil, as Jay Jenkins describes his hometown of Carlsbad, N.M. The boomtown — located in the heart of the oil-rich Delaware Basin, which is part of the broader