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ABA Banking Journal Podcast

May 12, 2022

Public comments for the Securities and Exchange Commission’s sweeping climate risk disclosure proposal are due on June 17 — with major implications for banks and their clients. On the latest episode of the ABA Banking Journal Podcast — sponsored by IntraFi Network — ABA experts Mike Gullette and Joe Pigg discuss:

  • The contours of the proposed disclosures and how they would work.
  • Implications for non-public companies, including privately owned banks not registered with the SEC.
  • Safe harbors proposed within the disclosures.
  • The need to avoid unintended consequences from an emerging area of risk practice, particularly when applied to prudential supervision.
  • The potential need for sophisticated modeling and expert consulting services to comply and the need for scalability for smaller SEC registrants.

A comment letter writing guide to help bankers write their own comments will be available on in the coming days.