✉news BusinessBanking first seen 6 h ago, last 47 min ago, peak #6
OCC sets up climate stand-off with California
Original: Reg Wrap: OCC sets up climate stand-off with California
The Office of the Comptroller of the Currency has moved to assert federal authority over climate-related financial rules, putting it on a collision course with California, which has enacted its own climate disclosure requirements for companies. The clash raises questions over whether state-level climate mandates can survive alongside federal banking regulation, and banks and regulators are watching closely to see which standards will ultimately govern. Beyond the headline, few details are available about the specific measures or timing involved.
Why now: A federal regulator challenging California's climate disclosure rules creates uncertainty for banks and companies over which climate requirements apply.
Office of the Comptroller of the CurrencyCalifornia
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- Reg Wrap: OCC sets up climate stand-off with California · TheBanker.com
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