OCC Semiannual Risk Perspective Highlights Risks Facing Banking Industry

more+
less-

On December 20, the OCC published its Semiannual Risk Perspective for fall 2012, which provides details on risks facing the banking industry. Based on data as of June 30, 2012, the semiannual report highlights risks in (i) the operating environment, (ii) the condition and performance of the banking system, (iii) funding, liquidity, and interest rate risk, and (iv) regulatory actions. Among the many findings reported by the OCC were: (i) threats to business models from low rates, sluggish economic growth, and the historic volume of new banking regulations, remain high, (ii) underwriting standards remain under pressure as banks compete aggressively for limited, high-quality lending opportunities, (iii) credit quality improvement in bank portfolios is stabilizing, (iv) compliance and reputation risks remain high as banks struggle to maintain investments consistent with higher market and regulatory standards, and (v) Bank Secrecy Act and anti-money laundering risks also are increasing as criminals become more sophisticated.

Written by:

Published In:

OCC

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.

© BuckleySandler LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×
×