The FDIC, Following the OCC Last December, Issues Draft Principles for Climate-Related Financial Risk Management

6 April 2022
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Key takeaways:
  • On March 30, 2022, the Federal Deposit Insurance Corporation released for public comment draft principles for the management of climate-related financial risk by FDIC-supervised institutions with more than $100 billion in total consolidated assets.
  • The proposed FDIC principles largely mirror draft principles released for public comment by the Office of the Comptroller of the Currency in December 2021, although the FDIC’s proposal raises additional questions in its request for comment and includes additional introductory material.