|Title:||Statement of Principles for Climate-Related Financial Risk Management for Large Financial Institutions|
|Subject:||Climate-related risk management|
Notice of proposed policy statement; request for comment
The Federal Deposit Insurance Corporation (FDIC) is requesting comment on draft principles that would provide a high-level framework for the safe and sound management of exposures to climate-related financial risks. Although all financial institutions, regardless of size, may have material exposures to climate-related financial risks, these draft principles are targeted at the largest financial institutions, those with over $100 billion in total consolidated assets. The draft principles are intended to support efforts by large financial institutions to focus on key aspects of climate-related financial risk management.
|Date proposed:||March 30, 2022|
|Comments due date:||June 3, 2022|
|Rule compliance date:|
|Related Reg Report item(s):||Proposed FDIC principles outlined for management of climate-related financial risks at large banks; small banks get a break, for now|