US regulators issue new climate guidance, despite opposition

Michelle Bowman sworn in
Federal Reserve governor Michelle Bowman
Federal Reserve

The three main US banking regulators have issued guidance on managing climate risk, exposing a split between Federal Reserve governors down ideological lines.

The Office of the Comptroller of the Currency (OCC), the Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) issued the final guidance on October 24. The guidance is intended for banks with $100 billion or greater in total assets.

The Federal Reserve Board voted 5–2 to approve the guidance, with governors Michelle

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.