July 27, 2021

OCC appoints first climate change risk officer

The Office of the Comptroller of the Currency, the US agency tasked with the regulation of US national banks and federal savings associations, has announced the appointment of its first Climate Change Risk Officer, as well as the agency’s membership in the Network of Central Banks and Supervisors for Greening the Financial System.  As noted by acting Comptroller of the Currency Michael Hsu, the appointment is intended to accelerate the development of robust climate change risk management policies at larger banks, and will expand the OCC’s ability to collaborate with, and learn from, stakeholders.

OCC press release