The Office of the Comptroller of the Currency announced Monday that Yue Chen would be the agency's chief climate risk officer. Chen will focus on developing a new system to assess climate-driven risks to banks, and figure out how to monitor and manage them
Last year, the OCC designated one of its bank supervisors to serve as a climate risk officer to urge banks to consider climate risks in their daily operations
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The federal agency overseeing the country’s largest banks has hired its first climate cop.
The Office of the Comptroller of the Currency announced Monday that Yue Chen would be the agency’s chief climate risk officer. Chen will focus on developing a new system to assess climate-driven risks to banks, and figure out how to monitor and manage them, the agency said in a statement.
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