January 20, 2014 The Washington Report
January 20, 2014 The Washington Report
OCC Proposes Formal Guidelines for Its Heightened Expectations for Large Banks
The Office of the Comptroller of the Currency (OCC) released proposed guidelines that would establish minimum standards for the design and implementation of a risk governance framework for large insured national banks, insured federal savings associations, and insured federal branches of foreign banks with average total consolidated assets of $50 billion or more as well as minimum standards for a board of directors in overseeing the design and implementation of the framework. The proposal would reserve the OCC’s authority to apply the guidelines to an institution with less than $50 billion in assets if the OCC determines that it is highly complex or otherwise presents a heightened risk.
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