OCC Updates Booklets of the Comptroller’s Handbook
OCC updated the "Bank Supervision Process," "Community Bank Supervision," "Federal Branches and Agencies Supervision," and "Large Bank Supervision" booklets of the Comptroller’s Handbook. The "Table of Updates Since Publication" in the back of each booklet summarizes the updates to the Comptroller's Handbook booklets.
The updated booklets reflect the following:
- The interim final rule for the expanded supervisory cycle
- An updated OCC report of examination policy based on the revised Federal Financial Institutions Examination Council report of examination policy
- Information about the OCC’s authority to access banks’ books and records
- Revision of the OCC’s enforcement action policies
- The revised "Capital and Dividends" booklet of the Comptroller’s Handbook
- Updates to the OCC’s credit underwriting assessment
- Changes to references to include new issuances and to reflect rescissions of OCC issuances since June 28, 2018
The “Large Bank Supervision” booklet is for use by OCC examiners in connection with their examination and supervision of midsize and large national banks and federal savings associations as well as foreign-owned U.S. branches and agencies (collectively, banks). This booklet is also used to supervise international operations of both midsize and large banks. The “Bank Supervision Process” booklet of the Comptroller’s Handbook explains the factors considered when OCC designates banks as community, midsize, or large. The “Large Bank Supervision” booklet summarizes and expands on the information in the “Bank Supervision Process” booklet and should be used in conjunction with that and other booklets of the Comptroller’s Handbook as well as the FFIEC Information Technology (IT) Examination Handbook and the FFIEC Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual.
The "Federal Branches and Agencies Supervision" booklet provides guidance on assessing the safety and soundness, effectiveness of risk management systems, and compliance with laws and regulations of federal branches and agencies. Examiners use this booklet in conjunction with the "Bank Supervision Process" and "Large Bank Supervision" booklets of the Comptroller's Handbook. Finally, the "Bank Supervision Process" and "Community Bank Supervision" booklets apply to the supervision of community banks by OCC. The updated booklets replace the booklets issued previously with the same titles. The updated booklets rescinded the following:
- OCC Bulletin 2016-13, "Communications Technology: Guidance for Banks' Maintenance of Records, Records Retention, and Examiner Access"
- Office of Thrift Supervision Examination Handbook section 360, appendix B, "Questions and Answers—Examination Obstruction"
- OCC Bulletin 2019-11, "Report of Examination: FFIEC Policy and Rescissions"
- "Overview" booklet in the Consumer Compliance series of the Comptroller’s Handbook
Related Links
- Press Release
- Bank Supervision Process
- Community Bank Supervision
- Federal Branches and Agencies Supervision
- Large Bank Supervision
Keywords: Americas, US, Banking, Comptroller Handbook, Large Banks, Community Banks, Banking Supervision, OCC
Previous Article
OCC Publishes Mortgage Metrics Report for Second Quarter of 2019Related Articles
EU Amends CRD4 and CRD5 as Part of Capital Markets Recovery Package
EU published Directive 2021/338, which amends the Markets in Financial Instruments Directive (MiFID) II and the Capital Requirements Directives (CRD 4 and 5) to facilitate recovery from the COVID-19 crisis.
EU Committee Recommends Systemic Risk Buffer of 4.5% in Norway
The Standing Committee of the European Free Trade Association (EFTA) recommended that a systemic risk buffer level of 4.5% for domestic exposures can be considered appropriate for addressing the identified systemic risks to the stability of the financial system in Norway.
PRA Clarifies Approach to Onshoring of Credit Risk Rules for UK Banks
In a recent statement, PRA clarified its approach to the application of certain EU regulatory technical standards and EBA guidelines on standardized and internal ratings-based approaches to credit risk, following the end of the Brexit transition.
FSB Sets Out Work Priorities for 2021
In a recently published letter addressed to the G20 finance ministers and central bank governors, the FSB Chair Randal K. Quarles has set out the key FSB priorities for 2021.
EU Publishes Corrigendum to Revised Capital Requirements Regulation
EU published, in the Official Journal of the European Union, a corrigendum to the revised Capital Requirements Regulation (CRR2 or Regulation 2019/876).
ESAs Issue Statement on Application of Sustainability Disclosures Rule
ESAs published a joint supervisory statement on the effective and consistent application and on national supervision of the regulation on sustainability-related disclosures in the financial services sector (SFDR).
EC Consults on Crisis Management and Deposit Insurance Frameworks
EC published a public consultation on the review of crisis management and deposit insurance frameworks in EU.
HKMA Enhances Loan Guarantee Scheme to Alleviate Pressure on SMEs
HKMA announced that enhancements will be made to the Special 100% Loan Guarantee of the SME Financing Guarantee Scheme (SFGS) and the application period will be extended to December 31, 2021.
EBA Proposes Standards for Supervisory Cooperation Under IFD
EBA launched consultations on the regulatory and implementing technical standards on cooperation and information exchange between competent authorities involved in prudential supervision of investment firms.
BoE Addresses Banks in Scope of First Resolvability Assessment
BoE issued a letter to the CEOs of eight major UK banks that are in scope of the first Resolvability Assessment Framework (RAF) reporting and disclosure cycle.
