Coastal News Today | USA - How climate risk is already creeping into banking policy coastalnewstoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coastalnewstoday.com Daily Mail and Mail on Sunday newspapers.
From factoring global warming into the underwriting of government-backed loans to conducting "sensitivity analysis" of banks' ability to withstand severe weather, several government agencies are accelerating efforts to address the impact of climate change on the financial system.
People moves: Credit Suisse senior shake-up, BofA retirements, and more risk.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from risk.net Daily Mail and Mail on Sunday newspapers.
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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
Agencies Publish Notice and Request for Comment on Proposed Interagency Guidance on Third-Party Relationships | Goodwin jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.