On December 16, 2021, the Office of the Comptroller of the Currency (OCC) released draft Principles designed to provide large OCC-regulated institutions—national banks, federal savings associations and federal branches or agencies of foreign banking organizations (collectively referred to as “banks”) with over $100 billion in total consolidated assets—with a high-level framework for the safe and sound management of exposures to climate-related financial risks consistent with existing OCC rules and guidance.