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Banking agencies issue final climate-related financial risk management principles

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Photo: Christopher Furlong/Getty Images

Julie DiMauro

2 min read
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The FRB, OCC, and FDIC issue framework for banks with over $100 billion in consolidated assets.

Last week, the US Federal Reserve Board (FRB), Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) released final interagency guidance outlining principles for climate-related (physical and transition risks) financial risk management for large financial institutions.

In final form, the interagency guidance

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