Several banking associations urged the Federal Reserve Board, the FDIC and the OCC to make public all data and analyses used to develop the recently proposed amendments on capital requirements for large banking organizations.
CFPB Director Rohit Chopra and SIFMA President Kenneth E. Bentsen, Jr. published opposing public statements on proposed revisions to capital requirements for large banking organizations.
In a comment letter on the FRB's "Principles for Climate-Related Financial Risk Management for Large Financial Institutions," the American Bankers Association supported efforts to create "a high-level guide for the largest institutions," but raised concerns on both substance and process.
In comments on FRB draft "Principles for Climate-Related Financial Risk Management for Large Financial Institutions," ISDA and SIFMA cautioned against prematurely incorporating climate-related financial risks into capital and liquidity adequacy assessments.
In comments on a CFPB outline of proposals to implement a consumer's right to access personal financial information, SIFMA argued for limiting the scope of the data required to be reported, establishing necessary exemptions and further protecting data providers.