Featured Product

    OCC Updates Recovery Planning Booklet of the Comptroller’s Handbook

    March 15, 2019

    OCC updated the Recovery Planning booklet of the Comptroller’s Handbook. The booklet explains effective recovery planning pursuant to 12 CFR 30, Appendix E, which contains OCC guidelines establishing standards for recovery planning by certain large insured national banks, insured federal savings associations, and insured federal branches.

    The Recovery Planning booklet only applies to covered banks. A covered bank means any bank with average total consolidated assets equal to or greater than USD 250 billion; less than USD 250 billion if the bank was previously a covered bank; or less than USD 250 billion if OCC determines that the bank is highly complex or otherwise presents a heightened risk so as to warrant the application of the recovery planning guidelines, pursuant to paragraph 1.C.1.a of 12 CFR 30, Appendix E. This updated booklet replaces a similarly titled booklet issued in April 2018. The issuance of this booklet rescinds OCC Bulletin 2018-9, “Recovery Planning: New Comptroller’s Handbook Booklet.” The updates include the following:

    • Conformance with 12 CFR 30, Appendix E
    • Added OCC Bulletin 2018-47 to footnote
    • Clarified Dodd–Frank Act Stress Testing (DFAST) and resolution planning thresholds pursuant to the Economic Growth, Regulatory Relief, and Consumer Protection (EGRRCP) Act
    • Reflected rescission of OCC Bulletin 2017-48, which was replaced by OCC Bulletin 2018-41
    • Updated “References” section for consistency with the content of the booklet

    OCC amended its enforceable guidelines on recovery planning standards on December 27, 2018, to limit the application of the guidelines to the largest, most complex banks and thus provide regulatory burden relief to smaller, less complex banks. The updates to the booklet incorporate revisions to the enforceable guidelines on recovery planning standards for covered national banks, federal savings associations, and federal branches, which

    • Increase the average total consolidated assets threshold for applying the guidelines to banks from USD 50 billion to USD 250 billion
    • Decrease from 18 months to 12 months the time within which a bank should comply with the guidelines after the bank first becomes subject to the guidelines

     

    Related Links

    Keywords: Americas, US, Banking, Comptroller Handbook, EGRRCP Act, Recovery Planning, DFAST, OCC

    Related Articles
    News

    EBA Proposes Guidelines for Establishing Intermediate Parent Entities

    EBA issued a consultation paper on the guidelines on monitoring of the threshold and other procedural aspects of the establishment of intermediate EU parent undertakings, or IPUs, as laid down in the Capital Requirements Directive.

    January 15, 2021 WebPage Regulatory News
    News

    EC Adopts Financial Reporting Changes Arising from Benchmark Reforms

    EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.

    January 14, 2021 WebPage Regulatory News
    News

    BIS Bulletin Examines Key Elements of Policy Response to Cyber Risk

    BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.

    January 14, 2021 WebPage Regulatory News
    News

    HMT Updates List of Post-Brexit Equivalence Decisions in UK

    HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.

    January 14, 2021 WebPage Regulatory News
    News

    EBA Issues Erratum for Technical Package on Reporting Framework 3.0

    EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.

    January 14, 2021 WebPage Regulatory News
    News

    APRA Publishes FAQ on Measurement of Credit Risk Weighted Assets

    APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.

    January 14, 2021 WebPage Regulatory News
    News

    EBA Publishes Risk Dashboard for Third Quarter of 2020

    EBA published the quarterly risk dashboard, along with the results of the Risk Assessment Questionnaire survey among 60 banks and 15 market analysts.

    January 13, 2021 WebPage Regulatory News
    News

    ECB Analysis Shows Privacy as Biggest Concern in Use of Digital Euro

    ECB concluded the public consultation on the introduction of a digital euro in EU.

    January 13, 2021 WebPage Regulatory News
    News

    ECB Analysis Shows Privacy as Biggest Concern in Use of Digital Euro

    ECB concluded the public consultation on the introduction of a digital euro in EU.

    January 13, 2021 WebPage Regulatory News
    News

    ECB Finalizes Guide on Supervisory Approach to Bank Consolidation

    ECB published a guide that sets out the supervisory approach to consolidation in the banking sector.

    January 12, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6432