OCC floats survey to further inform climate guidance for banks

The Office of the Comptroller of the Currency (OCC) is proposing to renew a survey asking large banks to detail their current climate risk management practices, an effort that could inform the agency’s future supervisory guidance for banks on the topic. The data collection move will help OCC “ensure the establishment of sound risk management frameworks to measure, monitor, and control risks presented by climate change,” says a Jan. 18 notice from OCC in the Federal Register . Specifically, the...