Acting Comptroller Issues Statement on OCC’s Withdrawal from International Climate Organization
WASHINGTONâActing Comptroller of the Currency Rodney E. Hood issued
the following statement today after the withdrawal of the Office of
the Comptroller of the Currency (OCC) from the Network of Central
Banks and Supervisors for Greening the Financial System:
"The
OCCâs primary mission is to ensure the safety, soundness and
fairness of national banks and federal savings associations.
Participation in the Network of Central Banks and Supervisors for
Greening the Financial System extends well beyond the OCCâs
statutory responsibilities and does not align with our regulatory
mandate. Therefore, effective immediately, the OCC has formally
withdrawn from this international organization. "
âWhile
severe weather events may be a broader societal concern, they do not
fall within the OCC's statutory mandate. Going forward, the OCC's
focus must singularly remain on fulfilling our core mission. "