OCC Announces Changes to the Supervisory Process for the Largest Banks

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Explore:  Banks OCC Peer Review

On May 28, the OCC announced that it will expand the organization, functions and responsibilities of its large bank lead expert program to improve horizontal perspective and analysis, systemic risk identification and resource prioritization. The OCC will establish a formal rotation program for all examiners to provide them with broader perspectives. The OCC will also formalize an enterprise risk management framework. These changes come in response to an international peer review of the OCC’s supervision of large banks and thrifts. Press Release. International Peer Review ReportSummary of OCC Responses.

 

Topics:  Banks, OCC, Peer Review

Published In: Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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