The American Bankers Association today called on the OCC to continue taking a “principles-based approach that is flexible and iterative” to climate-related financial risk management for large financial institutions.
USDA is investing up to $2 million in cooperative agreements this year for risk management education and training programs that support historically underserved producers, small-scale farmers and conservation practices.
A recent audit conducted by the FDIC’s Office of the Inspector General found that the agency “did not establish effective processes to acquire, analyze, disseminate and use relevant and actionable threat information to guide the supervision of financial institutions,” and identified several gaps in its threat sharing framework.
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.
Five key factors for risk managers and C-suites in the year ahead.
Confronting the disconnect between the law enforcement experts who understand how the criminals commit crimes and the financial industry experts who understand how the money moves.
Climate-related risks rank among the top priorities for the Financial Stability Oversight Council, according to the FSOC annual report released today.
As expected, the OCC today issued a set of draft principles providing a framework for climate risk management for banks with more than $100 billion in total consolidated assets.
The Securities and Exchange Commission today proposed three new rules aimed at preventing fraud and misconduct in connection with security-based swaps.
The Federal Reserve today reminded banks of its expectations for safe and sound practices with regard to counterparty credit risk management.