✉news BusinessBanking first seen 3 h ago, last 47 min ago, peak #6
OCC sets up climate regulatory stand-off with California
Original: Reg Wrap: OCC sets up climate stand-off with California
The Office of the Comptroller of the Currency is heading for a clash with California over climate-related financial regulation. The state has pursued its own climate disclosure and climate-risk rules for banks and large companies, while the federal banking regulator's position sets up a direct conflict over who sets the rules. The dispute raises questions about pre-emption, states' rights and how far Washington will go to limit state-level climate mandates on financial firms.
Why now: Federal and state regulators are moving in opposite directions on climate rules, creating a live conflict over financial oversight.
Office of the Comptroller of the CurrencyCalifornia
Evidence
- Reg Wrap: OCC sets up climate stand-off with California · TheBanker.com
API: https://socialmediatrends-api.osmike.com/v1/trends/4241927