News & Analysis as of

Banking Sector Biden Administration Climate Change

Mintz

Federal Reserve Disbands Climate-Focused Internal Groups

Mintz on

It has been reported that the Federal Reserve has disbanded certain internal groups that were intended to develop “institutional capacity and knowledge” with respect to climate risk. Specifically, among the groups that have...more

Latham & Watkins LLP

OCC, FRB, and FDIC Finalize Joint Principles for Climate-Related Financial Risk Management

Latham & Watkins LLP on

Guidance for the largest US financial institutions is intended to promote climate risk management consistent with general safety and soundness practices. On October 30, 2023, the three US federal bank regulatory agencies...more

BCLP

2023 Off & Running in Different ESG Directions?

BCLP on

Just over a month into 2023, we are poised for friction between the Biden Administration’s ESG strategy efforts and those of certain Congressional leaders now in the majority. A variety of proposed rules and legislation...more

Clark Hill PLC

The Current Expectations of the Financial Services Regulatory Agenda – And What To Do

Clark Hill PLC on

President Biden spent nearly 18 months assembling his team of top financial services regulators. Michael Barr’s nomination as the top banking regulator at the Federal Reserve Board (FRB) will fill the last remaining vacancy...more

Clark Hill PLC

Window on Washington – Vol. 6, Issue 8

Clark Hill PLC on

Outlook for This Week in the Nation’s Capital - Congress. The House and Senate are back in session this week. While both chambers have a number of items scheduled for action, the Russian invasion of Ukraine, and the US...more

White & Case LLP

Regulatory Hot Topics: Highlights

White & Case LLP on

It has been a period rife with notable shifts on the global stage; a new administration in the US, the end of the Brexit transition period and the reaching of key milestones in the discontinuation of LIBOR, to name but a few....more

Skadden, Arps, Slate, Meagher & Flom LLP

US Financial Regulators Signal That They Will Use Their Supervisory Authority To Press Climate Agenda

- Financial regulators will use their supervisory authority to make sure banks weigh the risks of lending to, investing in and otherwise supporting carbon centric activities. - The risk-based approach will force a...more

Robins Kaplan LLP

Financial Daily Dose 10.11.2021 | Top Story: Apple Appeals Epic Games Verdict, Seeks Stay of Enforcement

Robins Kaplan LLP on

Apple has officially appealed the September verdict in its years-long battle with Epic Games that was set to “require the tech giant to tweak its strict App Store rules and force it to allow app developers of ways to pay for...more

Nutter McClennen & Fish LLP

Nutter Bank Report: May 2021

Court Rules that Debt Collector Violated FDCPA with Communication to Dunning Vendor - A federal appellate court has recently ruled that a debt collector violated certain privacy requirements under the federal Fair Debt...more

Goodwin

President Biden Signs Executive Order Addressing Climate-Related Financial Risks

Goodwin on

In This Issue. President Biden signed an executive order addressing climate-related financial risks; the Office of the Comptroller of the Currency (OCC) finalized a rule applicable to national banks and federal savings...more

Lathrop GPM

Federal Government and Private Sector Climate Change Developments

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The implications of climate change have gone from an esoteric topic that a very limited number of companies focused upon just a few years ago to one that is becoming more mainstream by the day. President Biden campaigned on...more

Amundsen Davis LLC

[Webinar] The Biden Administration: What Businesses Need to Know - More Regulation and Opportunities for Companies and Banking:...

Amundsen Davis LLC on

The Biden administration is signaling significant policy shifts. Business owners and C-Suite executives are encouraged to join us for a series of complimentary webcasts discussing these likely changes and how they will impact...more

Holland & Knight LLP

The U.S. Financial System and Climate Risk

Holland & Knight LLP on

The past several months have taught us a lot about the interplay between global risks and the economy. With lessons from the COVID-19 pandemic continuing to evolve, climate change has earned a new spotlight as an analogous...more

Latham & Watkins LLP

Federal Reserve Recognizes Significance of Climate Risks on Financial Stability

Latham & Watkins LLP on

The US prudential regulator is paying attention to climate risks, and will likely act to mitigate those risks if they threaten financial stability. In its November 2020 Financial Stability Report (the Report), the Board of...more

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