The Office of the Comptroller of the Currency (OCC), the Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) have withdrawn the interagency Principles for Climate-Related Financial Risk Management for Large Financial Institutions, rescinding the guidance effective immediately. The regulators said separate climate-risk principles are not necessary because existing safety and soundness standards already require supervised institutions to maintain risk management commensurate with their size, complexity and activities. They also reiterated that supervised institutions are expected to consider and appropriately address all material financial risks and to be resilient to a range of risks, including emerging risks. The principles had been issued jointly in October 2023, and the OCC had withdrawn its participation earlier this year. A notice rescinding the principles will be issued in the Federal Register.
Office of the Comptroller of the Currency 2025-10-16
Office of the Comptroller of the Currency, Federal Reserve Board and Federal Deposit Insurance Corporation withdraw interagency climate-related financial risk management principles for large institutions
The Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation have withdrawn the interagency Principles for Climate-Related Financial Risk Management for Large Financial Institutions, effective immediately. The regulators stated that existing safety and soundness standards suffice for managing risks, including emerging ones. A notice of rescission will be published in the Federal Register.