Comment Deadline Set For Fed’s Climate-Risk Management Principles
The Federal Register today includes the Fed’s comment request on proposed climate risk-management standards that would guide banking organizations with assets over $100 billion (see FSM Report CLIMATE15).
Basel: Climate Risk Not Ready for Capital Requirements
Warren, Smith Turn FTX Spotlight on Banking Agencies
As predicted in Karen Petrou’s memo on Monday, Congressional interest has now turned to the role of banks and their regulators in the FTX debacle.
FSB Heightens Focus on CCP, Insurer Resolvability
After over at least a decade of talking about nonbank resolvability, the FSB today announced that addressing it has become an “urgent” priority.
OCC’s Risk Inventory Continues To Target Deposit, Operational, Climate, Crypto Risk
As with its June 23 report on bank risks, the OCC’s December inventory reiterates concerns such as deposit outflow due to rate hikes, operational risks due to cyber-threats and third-party relationships, and compliance and credit risks.
Warren, Smith Back DOL Disqualification Proposal
Tackling yet another “big-bank” concern, Sens. Warren (D-MA) and Smith (D-MN) sent a letter today applauding the Department of Labor’s Employee Benefits Security Administration (EBSA) proposal to disqualify banks found guilty of criminal misconduct from being qualified professional asset managers.