• Service: Advisory, Risk Consulting, Financial Risk Management
  • Date: 2/6/2014

January 20, 2014 The Washington Report 

OCC Proposes Formal Guidelines for Its Heightened Expectations for Large Banks
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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.

In This Issue

Bank & Thrift Regulatory Update

  • OCC Proposes Formal Guidelines for Its Heightened Expectations for Large Banks
  • Federal Reserve Seeks Comment on Physical Commodity Activities Conducted by Financial Holding Companies
  • Agencies Release Public Sections of Resolution Plans
  • Oversight Body Endorses Basel Committee Proposals for Liquidity Coverage Ratio and Net Stable Funding Ratio

Enterprise & Consumer Compliance

  • CFPB Seeks Advisory Board and Council Applications
  • CFPB Releases New Mortgage Rule Resources for Consumers


Capital Markets & Investment Management

  • Agencies Approve Interim Final Rule Permitting Retention of Certain TruPS CDOs
  • SEC Issues Interpretive Guidance on Municipal Advisor Registration Rules and Extends Registration Date
  • SEC Announces 2014 Examination Priorities
  • CFTC Announces Trade Execution Mandate for Certain Interest Rate Swaps
  • CFTC Issues Time Limited No-Action Relief from Compliance with Certain Conditions Associated with the Receipt of Customer Funds by Futures Commission Merchants
  • Enforcement Actions

Recent Supervisory Actions