Events listed in [OCC] Office of the Comptroller of the Currency
Accounting: Bank Accounting Advisory Series Updated
ID 24633
The Office of the Comptroller of the Currency (OCC) has published a revised version of the „Bank Accounting Advisory Series“ which is a set of frequently asked questions (FAQs) relating to accounting issues of banks. The FAQs thereby cover issues ranging from the accounting for unrealized gains and losses of banks‘ investments, to the accounting for restructured loan agreements, to the accounting for life ...
Loan Purchase Activities: Legal Lending Limit Guidance
ID 24589
The OCC has published guidance to banks regarding the applicability of the legal lending limit (LLL) to purchased loans. Under the current law, there are limits applied on credit institutions regarding the amount of loans and credit extensions per borrower (i.e. they are subject to LLL). The guidelines specify that „Aggregate exposures attributable to a single seller must be within the bank’s LLL“. According ...
OCC Hosts Risk Governance and Capital Markets Workshops in Charlotte
ID 24555
The Office of the Comptroller of the Currency (OCC) has published a press statement to announce that it will be hosting two workshops on September 19 and September 20, 2023 in Charlotte, North Carolina, primarily addressed at directors, senior management, and key executives of national community banks and federal savings associations. **The first workshop entitled „Risk Governance: Improving Effectiveness“ takes place on September 19, ...
Bank Secrecy Act/Anti-Money Laundering: Updated Sections of the FFIEC BSA/AML ...
ID 24534
The Office of the Comptroller of the Currency, OCC, has published a press statement to announce that the Federal Financial Institutions Examination Council (FFIEC) – which is composed of members of the five banking regulators in the U.S. – has updated several parts of its Examination Manual on the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML). The affected sections are the following and ...
OCC Hosts Risk Governance and Capital Markets Workshops in Cincinnati
ID 24295
The Office of the Comptroller of the Currency (OCC) has published a press statement to announce that it will be hosting two workshops on August 8 and August 9, 2023 in Cincinnati, Ohio, primarily addressed at directors, senior management, and key executives of national community banks and federal savings associations. **The first workshop entitled „Risk Governance: Improving Effectiveness“ takes place on August 8, from ...
Senior Deputy Comptroller for Large Bank Supervision Testifies on Climate-Related ...
ID 24265
The Office of the Comptroller of the Currency (OCC) has released a latest testimony of Greg Coleman, Senior Deputy Comptroller for Large Bank Supervision, before the Sub-Committee on Financial Institutions and Monetary Policy of the U.S. House of Representatives. In this testimony, **the Deputy Comptroller outlines the key activities, the OCC has engaged in in the past one or two years as regards the ...
Cybersecurity: Cybersecurity Supervision Work Program
ID 23870
The Office of the Comptroller of the Currency, OCC, has published a so-called work program as regards cybersecurity supervision of OCC supervised institutions (foreign banking organizations, national banks, and federal savings associations). The work program is sort of a manual that provides instructions and guidance to OCC staff members in relation to the examination of the cybersecurity of in-scope institutions. The document covers various ...
Asset Management: Updated Comptroller’s Handbook Booklet and Rescissions
ID 23832
The Office of the Comptroller of the Currency (OCC) has published a revised ‚Asset Management‘ booklet. This booklet focuses on identifying and analyzing risks of (covered) institutions associated with various types of asset management, including retail investment brokerage, custodial services, bank trust, and investment company services. It subsequently provides methods to assess the quality of institution’s risk management practices in relation to asset ma ...
OCC Hosts Credit and Operational Risk Workshops in Charlottesville
ID 23827
The Office of the Comptroller of the Currency (OCC) has published a press statement to announce two upcoming workshops in Charlottesville, Virginia, as regards credit and operational risk management. The workshops encompass the following: 1. credit risk management workshop: It will focus on critical elements of effective credit risk management thereby emphasizing the role of the Board of Directors and senior management, the identification ...
Acting Comptroller Issues Statement on Key Risks Facing Federal Banking System
ID 23721
The Office of the Comptroller of the Currency, OCC, has published its semi-annual risk perspective which describes the current and expected operating environment of financial institutions in the U.S. and outlines the key risks faced by financial institutions in this context (with data provided for the analysis as of December 31, 2022). In brief, these are: (1) operational risks: these risks remain elevated as ...