OCC Takes Steps To Act On Climate Change Goals

The OCC named Darrin Benhart as the agency's Climate Change Risk Officer and announced the agency will join the Network of Central Banks and Supervisors for Greening the Financial System ("NGFS"). These steps align with Acting Comptroller Hsu's recent remarks that the OCC is taking a "two-pronged approach" in fulfilling climate change goals, with a focus on engaging other organizations and supporting banks in the development of effective climate risk management practices.

Mr. Benhart previously oversaw Bank of America in the OCC's Large Bank Supervision department, and prior to that served as Deputy Comptroller for Supervision Risk Management and as Deputy Comptroller for Credit and Market Risk. In his new role, Mr. Benhart will report to the Senior Deputy Comptroller for Supervision Risk and Analysis.