Financial Agencies Finalize Key Climate-Related Bank Rules, Risk Guide

Finance sector regulators are advancing two key climate-related finance policies, including final guidance for how large banks should integrate climate into their broader risk management activities, as well as updated fair lending rules that more explicitly encourage disaster resilience activities in lower-income areas. The Federal Deposit Insurance Corporation (FDIC) voted to approve the banking sector climate guidance during an Oct. 24 meeting. The Federal Reserve and the Office of the Comptroller of the Currency (OCC) -- which helped develop the...