A Framework in Progress: Understanding OCC's Climate-Related Risk Management Principles

A Framework in Progress: Understanding OCC's Climate-Related Risk Management Principles

Last month, the US Office of the Comptroller of the Currency (OCC) issued the second part of its initiative to address the effects of climate change—draft principles for managing exposure to climate-related financial risks. Those principles and the OCC's earlier call to action to bank boards portend that the rapid implementation of climate risk management practices could occupy a significant amount of management and board time this year. And while targeted at OCC-regulated banks with over $100 billion in total assets, the draft principles may be of interest to banking organizations of all sizes and charters. Mayer Brown partners Paul Forrester and Matthew Bisanz and associate Kerri Webb discuss how to understand these new OCC principles.

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5 Feb 202518min

FDIC's New Recordkeeping Proposal

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Last month, the FDIC proposed rules related to FDIC pass-through insurance coverage. These rules could have a significant impact on bank-fintech partnerships, including some partnerships for programs ...

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Regulatory Redux: FDIC Proposes Brokered Deposit Revisions

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On July 30, 2024, the FDIC proposed revisions to the restrictions on brokered deposits. The revisions would undo many of the key elements of the 2020 revisions, and would dramatically expand the numbe...

7 Aug 202419min

Key Takeaways from the CFPB Proposal to Amend Regulation X Mortgage Servicing Rules

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Members of Mayer Brown's Financial Services team summarize the main takeaways of the CFPB's proposal to amend the Regulation X mortgage servicing rules. We focus on the proposal to amend the requirem...

23 Juli 202434min

FinCEN Requires Reporting from Dissolved Companies

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On July 8, 2024, the Financial Crimes Enforcement Network ("FinCEN") issued interpretive guidance that requires certain legal entities that have been dissolved or otherwise ceased to exist to file ben...

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