Agencies Adopt Rule Codifying Supervisory Guidance

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The OCC, Federal Reserve Board, FDIC, National Credit Union Administration and CFPB adopted a rule codifying a 2018 Interagency Statement Clarifying the Role of Supervisory Guidance.

United States Finance and Banking

The Federal Reserve Board ("FRB") joined the Network of Central Banks and Supervisors for Greening the Financial System ("NGFS").

The NGFS supports the exchange of ideas, research and best practices on environmental and climate risk management in the financial sector. FRB Chair Jerome H. Powell said: "we look forward to continuing and deepening our discussions with our NGFS colleagues from around the world."

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FRB Press Release: Federal Reserve Board Announces It Has Formally Joined the Network of Central Banks and Supervisors for Greening the Financial System, or NGFS, as a Member

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