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

    BCBS Consults on Principles for Operational Risk and Resilience

    BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.

    August 06, 2020 WebPage Regulatory News
    News

    FSI Note Discusses Challenges Associated with COVID Relief Measures

    The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.

    August 06, 2020 WebPage Regulatory News
    News

    HKMA Announces Repayment Deferment Under Payment Holiday Scheme

    HKMA, together with the Banking Sector Small and Medium-Size Enterprise (SME) Lending Coordination Mechanism, announced a ninety-day repayment deferment for trade facilities under the Pre-approved Principal Payment Holiday Scheme.

    August 05, 2020 WebPage Regulatory News
    News

    ESRB Paper Presents Alternative Approach to EBA Stress Test Proposal

    The Advisory Scientific Committee of ESRB published a response, in the form of an Insights Paper, to the EBA proposals for reforms to the stress testing framework in EU.

    August 05, 2020 WebPage Regulatory News
    News

    MAS Announces Key Initiatives to Support Adoption of SORA

    MAS announced several initiatives to support adoption of the Singapore Overnight Rate Average (SORA), which is administered by MAS.

    August 05, 2020 WebPage Regulatory News
    News

    BoE Updates Template and Definitions for Form ER

    BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.

    August 05, 2020 WebPage Regulatory News
    News

    PRA to Extend Temporary High Balance Coverage Amid COVID Crisis

    PRA published the policy statement PS19/20 on the final policy for extending coverage under the Financial Services Compensation Scheme (FSCS) for Temporary High Balance.

    August 04, 2020 WebPage Regulatory News
    News

    EBA Publishes Standards on Disclosure and Reporting of MREL and TLAC

    EBA published the final draft implementing technical standards for disclosures and reporting on the minimum requirements for own funds and eligible liabilities (MREL) and the total loss-absorbing capacity (TLAC) requirements in EU.

    August 03, 2020 WebPage Regulatory News
    News

    EBA Releases Erratum for Phase 2 Package on Reporting Framework 2.10

    EBA published an erratum for the phase 2 of technical package on the reporting framework 2.10.

    August 03, 2020 WebPage Regulatory News
    News

    EC Sets Out Updated Technical Information for Solvency II Calculations

    EC published the Implementing Regulation 2020/1145, which lays down technical information for calculation of technical provisions and basic own funds.

    August 03, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5635