Benhart: banks should start revising for OCC’s climate exams

US agency’s climate chief says firms will need more data from clients if they’re to make the grade

Darrin Benhart at OCC
Photo: OCC/Risk.net montage

Everybody hates exams. But what if you faced an exam on a topic no one had tackled before and the available study material was thin and patchy? This is the position US banks will be in when the Office for the Comptroller of the Currency (OCC) sets its first exams on climate risk management.

Late last year, the OCC became the first federal regulator to issue guidance on how banks should manage climate-related financial risks. The OCC’s first chief climate officer, Darrin Benhart, tells Risk.net

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.

To continue reading...

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: