Climate-Related Financial Risks

Climate-related financial risks have the potential to affect the safety and soundness of banks through physical and transition risks, which affect various sectors of the economy and may affect access to financial services and fair treatment of customers. The OCC's role is to ensure that national banks and federal savings associations understand their climate-related financial risks and develop risk management frameworks and capabilities to identify, measure, monitor, and control those risks. The OCC has prioritized its attention in this area on large banks with total consolidated assets of more than $100 billion.