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ARTICLE · 08 APRIL 2025

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OCC Ends Climate Risk Guidance For Large Banks

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In a recent shift, the Office of the Comptroller of the Currency (OCC) has officially ended its climate risk guidance for large U.S. banks.

United StatesFinance and Banking

In a recent shift, the Office of the Comptroller of the Currency (OCC) has officially ended its climate risk guidance for large U.S. banks. The 2021 guidance called on major banks to incorporate climate-related risks into their risk management processes, focusing on both physical and transition risks. As we continue navigating the evolving landscape of financial regulation, the broader implications of climate risks will remain a key discussion point for the financial sector.

OCC Withdraws Principles for Climate-Related Financial Risk Management for Large Financial Institutions WASHINGTON—The Office of the Comptroller of the Currency (OCC) today withdrew its participation in the interagency principles for climate-related financial risk management for large financial institutions. "The principles providing guidance to banks for climate-related financial risk are overly burdensome and duplicative. The OCC's existing guidance for banks to maintain a sound risk

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