OCC seeks information on climate risk in banking and finance

Federal Issues OCC Climate-Related Financial Risks Bank Regulatory

On December 3, the OCC announced it is soliciting academic-focused papers and policy-focused research on climate risk in banking and finance for presentation to the OCC on June 6-7, 2022.  The meeting will provide a platform for interested academic, regulatory, and other experts to meet and share research on the interactions of climate change and the financial system. The information gathered “will inform the OCC’s approach to developing climate-related financial risk management guidance for regulated institutions.” Areas of interest include: (i) physical risks directly arising from climate change; (ii) transition risks from climate policies, technological innovation, consumer sentiment, or investor sentiment; and (iii) differential community impact, among others.