Acting Comptroller Provides Statements at Financial Stability Oversight Council Meeting — 2022-12-16

WASHINGTON — Acting Comptroller of the Currency Michael J. Hsu today provided statements at the Financial Stability Oversight Council (FSOC) meeting with respect to climate-related financial risk and the FSOC annual report. In his statement, Mr. Hsu offered his support for the Federal Reserve’s proposed principles relating to the safe and sound management of climate-related financial risk for the large institutions it supervises and scenario analysis initiative. He also provided a statement supporting the FSOC annual report and highlighted the Council’s efforts to strengthen oversight of nonbank financial institutions and promote a level regulatory outcome. Statement on Climate-Related Financial Risk (PDF) Statement on FSOC Annual Report (PDF) Acting Comptroller of the Currency Michael J.