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U S banking regulator taps official to oversee climate change risk to banks

2 Min Read WASHINGTON, July 27 (Reuters) - A leading U.S. bank regulator is creating a new position specifically to monitor climate change risk at the nation’s largest banks. The Office of the Comptroller of the Currency announced Tuesday it had created a Climate Change Risk Officer to lead the agency’s efforts to ensure banks are appropriately managing risk around climate change. The post will be filled by Darrin Benhart, a longtime OCC official who most recently helped supervise Bank of America. “Having Darrin in this newly created position will significantly expand the agency’s capacity to collaborate with stakeholders and to promote improvements in climate change risk management at banks,” said Michael Hsu, the acting comptroller of the currency, in a statement.

Tether, Facebook Coin Spur Worry at Yellen s Closed-Door Meeting

Tether, Facebook Coin Spur Worry at Yellen’s Closed-Door Meeting Jul 28 2021, 1:43 AM July 27 2021, 9:54 PM July 28 2021, 1:43 AM (Bloomberg) Tether and the Facebook Inc.-backed Diem token were a main focus of a recent meeting U.S. regulators held on the financial risks posed by stablecoins, a fast-growing corner of the cryptocurrency industry, said people familiar with the matter. (Bloomberg) Tether and the Facebook Inc.-backed Diem token were a main focus of a recent meeting U.S. regulators held on the financial risks posed by stablecoins, a fast-growing corner of the cryptocurrency industry, said people familiar with the matter.

جريدة البلاد | الخزانة الأميركية تعد أوراقها لحرب ضد العملات المشفرة المستقرة

جريدة البلاد | الخزانة الأميركية تعد أوراقها لحرب ضد العملات المشفرة المستقرة
albiladpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albiladpress.com Daily Mail and Mail on Sunday newspapers.

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