OCC Withdraws Climate Risk Management Principles
By EsqSocial Corporation 11/04/25
On March 31, 2025, the Office of the Comptroller of the Currency withdrew its participation in the interagency principles for climate-related financial risk management for large financial institutions (the “Climate Principles”). This action was widely expected to occur after the change in presidential administrations, but formalization by the OCC should give banks the confidence to push back against examiners who attempt to impose climate risk management obligations through the nonpublic,...
By: Mayer Brown