• Service: Advisory, Risk Consulting, Financial Risk Management
  • Industry: Banking & Capital Markets
  • Date: 2/18/2014

Regulatory Practice Letter #14-04 | January 29, 2014 

The Office of the Comptroller of the Currency (OCC) has proposed guidelines to establish minimum standards for the design and implementation of a risk governance framework (Framework) for banks as well as minimum standards for oversight of the Framework by the boards of directors of the Large Banks (Guidelines).
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The proposed Guidelines, which have been developed from the "heightened expectations" implemented by the OCC following the financial crisis and informed by the results of the OCC’s "Get to Strong" initiative for Large National Banks, would be enforceable under part 30 of the agency’s regulations.