OCC risk report: Banks well-positioned for economic headwinds
This year’s spring report presents data in five main areas: operations, bank performance, special topics, trends in key risks and supervisory actions.
Browsing: Risk management
ABA calls for ‘flexible, iterative’ approach to FDIC climate risk management
While expressing overall support for the FDIC’s Statement of Principles for Climate-Related Financial Risk Management for Large Financial Institutions, ABA today emphasized the need for a “flexible and iterative, principles-based approach” until the data and methodologies for understanding climate-related financial risk are more fully developed.
Hsu: Banks should focus on counterparty credit, concentration risk amid economic uncertainty
As high inflation and economic uncertainties persist, Acting Comptroller of the Currency Michael Hsu said that “now is the time for banks to take a fresh look at their exposures and take actions to adjust their risk positions—to ‘trim their sails,’ so to speak—ahead of potential uncertainty and volatility.”
When climate risk comes home
Community banks in oil and gas towns grapple with the future of climate risk supervision.
Podcast: Understanding the SEC’s climate risk disclosure proposal
Public comments for the Securities and Exchange Commission’s sweeping climate risk disclosure proposal are due on June 17, with major implications for banks and their clients. ABA’s Mike Gullette and Joe Pigg dig into the details.
Survey: Banking outpaces other industries in preparing to combat fraud and corruption
The banking sector is among the most prepared industries to combat fraud, corruption and illicit activity, according to a recent report.
ABA to DOL: ERISA affords retirement savings sufficient protections from climate-related financial risk
In a comment letter responding to a Labor Department request for information, ABA said it is not necessary for the agency to take any regulatory action related to climate-related financial risk or other risks associated with climate change.
SEC to extend comment period for proposed climate disclosure rule
The Securities and Exchange Commission today said that it would extend the comment period for its recently proposed climate disclosure rule from May 20 until June 17.
NACHA releases guide addressing contractual considerations of voice payments
The reference guide, created by NACHA’s Payments Innovation Alliance, provides background on the importance of terms and conditions when offering voice payments services and how terms may be modified to suit different needs.
FSB floats recommendations for climate risk reporting
As regulators around the globe work to develop frameworks for measuring and mitigating climate-related risks, the Financial Stability Board published recommendations for the reporting and collection of climate-related financial data.