Statement of Principles for Climate-Related Financial Risk Management for Large Financial Institutions

April 4, 2022 FDIC, Regulation lookup 0

Title: Statement of Principles for Climate-Related Financial Risk Management for Large Financial Institutions
Subject: Climate-related risk management
Agency: FDIC
Status:
Notice of proposed policy statement; request for comment
Summary:

The Federal Deposit Insurance Corporation (FDIC) is requesting comment on draft principles that would provide a high-level framework for the safe and sound management of exposures to climate-related financial risks. Although all financial institutions, regardless of size, may have material exposures to climate-related financial risks, these draft principles are targeted at the largest financial institutions, those with over $100 billion in total consolidated assets. The draft principles are intended to support efforts by large financial institutions to focus on key aspects of climate-related financial risk management.
FR Doc: 2022-07065
Date proposed: March 30, 2022
Comments due date: June 3, 2022
Effective date:

Rule compliance date:
Agency release:
Related Reg Report item(s): Proposed FDIC principles outlined for management of climate-related financial risks at large banks; small banks get a break, for now