When climate risk comes home
Community banks in oil and gas towns grapple with the future of climate risk supervision.
Browsing: Risk management
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.
OCC publishes interest rate risk statistics report
The OCC today published its semiannual report on interest rate risk data gathered during examinations of OCC-supervised midsize and community banks and federal savings associations.
FDIC Issues Draft Principles on Climate Risk Management
The FDIC today released for comment a set of draft principles to guide a framework for climate risk management for banks with more than $100 billion in total consolidated assets.
SEC Proposes First-Ever Climate Risk Disclosures for Public Companies
The Securities and Exchange Commission today proposed a much-anticipated set of requirements for public companies to disclose information about climate risks affecting them, their greenhouse gas footprints and any emissions-reduction plans they may have adopted.