SFOF Policy Committee Worked on Comment Letter to OCCPublished on August 5, 2022
On February 8, 2022, SFOF President Kreifels emailed a draft regulatory comment letter to SFOF member treasurers. The draft responded to the Office of the Comptroller of the Currency’s (OCC) request for comments on a proposed requirement that banks consider climate change related risks. The comment was to be signed, according to Kreifels’ instructions, by “a group of state financial officers and attorney generals.” Furthermore, SFOF was not to be publicly linked to the effort.
Kreifels wrote: “SFOF Policy Committee will be supporting an effort to provide comment on an open comment period with the office of the U.S. Comptroller of the Currency… this will not be an SFOF letter – but rather a joint effort from a group of state financial officers and attorney generals.”
The final letter was submitted on February 14, 2022.
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