On December 16, 2021, the US Office of the Comptroller of the Currency (“OCC”) released draft principles for managing exposures to climate-related
OCC ends consideration of climate-related financial risks The Office of the Comptroller of the Currency said it would cease its participation in interagency principles for regulating climate-related risks at the banks it regulates. ByEbrima Santos Sanneh ...
This negative regulatory climate continued through the end of the Biden Administration. OCC Reassessment Under the 2021 Letter, OCC-supervised institutions were permitted to engage in certain cryptocurrency-related activities but only after demonstrating to the OCC that they had a...
“The Bank maintains one of the world’s largest and most complex fiduciary businesses with total fiduciary and related assets of $29.1 trillion, including $1.3 trillion in fiduciary assets and $27.8 trillion of non-fiduciary custody assets.” To pu...