Experts urge OCC to include climate risk in bank exams

Regulator’s proposed principles are step in the right direction, but still behind Europe

Office of the Comptroller of the Currency
Photo: Radharc Images/Alamy Stock Photo

The Office of the Comptroller of the Currency (OCC) should look to integrate climate risk into its examination process for banks, experts say, following the release of draft guidelines late last year.

“Bank examiners look at the safety and soundness of banks, but there isn’t a common standard for climate-related risks,” says Steve Rothstein, managing director at the non-profit Ceres Accelerator for Sustainable Capital Markets. “Climate risk should be incorporated into the examination process.”

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: