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Financial Institution Letter | March 30, 2022 |
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Request for Comment on Statement of Principles for Climate-Related Financial Risk Management for Large Financial Institutions
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Summary:
The Federal Deposit Insurance Corporation (FDIC) is requesting comment on draft principles that would provide a high-level framework for the safe and sound management of exposures to climate-related financial risks. The draft principles are intended to support efforts by large financial institutions to focus on key aspects of climate-related financial risk management.
Statement of Applicability:
Although all financial institutions, regardless of size, may have material exposures to climate-related financial risks, this Financial Institution Letter is intended for large financial institutions with over $100 billion in total consolidated assets.
Distribution:
Selected FDIC-Insured Institutions
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