Joining Currency Office, FDIC Floats Climate Risk Principles For Banks

The Federal Deposit Insurance Corp. (FDIC) is asking large banks to consider climate-related risks, floating a proposal that closely mirrors supervisory guidance from a separate financial regulator and underscoring an interagency attempt to harmonize climate-related risk policies for banks. The FDIC’s proposed policy statement , released March 30 with a 60-day comment period, explains that officials are releasing the guidance to provide information for banks they oversee about how to integrate climate into their existing risk analyses. Specifically, the draft...