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

    HKMA Announces Liquidity Measures in Response to COVID-19 Outbreak

    HKMA issued a circular on liquidity measures that HKMA has taken or plans to take in response to COVID-19 outbreak.

    April 03, 2020 WebPage Regulatory News
    News

    BaFin Lowers Countercyclical Capital Buffer Amid COVID-19 Outbreak

    BaFin published a general order to lower the countercyclical capital buffer (CCyB) from 0.25% to 0% as of April 01, 2020.

    April 03, 2020 WebPage Regulatory News
    News

    ESMA Updates Risk Assessment in Light of COVID-19

    ESMA updated its risk assessment to account for the impact of the COVID-19 pandemic.

    April 02, 2020 WebPage Regulatory News
    News

    FSB Outlines and Reprioritizes Its Work to Address COVID-19 Risks

    FSB published a statement that outlines its work toward addressing the financial stability risks posed by COVID-19, along with the reprioritization of its work program for 2020.

    April 02, 2020 WebPage Regulatory News
    News

    EIOPA Announces Measures to Address the Impact of COVID-19

    Due to the outbreak of COVID-19, EIOPA is re-prioritizing and alleviating the burden by extending the deadlines or delaying projects where input from national competent authorities and/or industry is foreseen.

    April 02, 2020 WebPage Regulatory News
    News

    EBA Guidelines on Use of Payment Moratoria to Address Liquidity Issues

    EBA published detailed guidance on the treatment of legislative and non-legislative moratoria on loan repayments to be applied before June 30, 2020, in light of the COVID-19 crisis.

    April 02, 2020 WebPage Regulatory News
    News

    PRA Outlines Approach to Reporting and Disclosures Amid COVID-19

    PRA published a statement to outline its approach to regulatory reporting and Pillar 3 disclosures for UK banks, building societies, designated investment firms, and credit unions.

    April 02, 2020 WebPage Regulatory News
    News

    PRA Finalizes Certain Modeling Issues for Solvency II Internal Models

    PRA published a statement (PS9/20) that sets out the final policy on modeling of income-producing real estate loans and internal credit assessment for illiquid, unrated assets within the Solvency II internal models.

    April 02, 2020 WebPage Regulatory News
    News

    EIOPA Issues Statement on Mitigating Impact of COVID-19 Outbreak

    EIOPA issued a statement to insurers and intermediaries, urging them to take steps to mitigate the impact of COVID-19 on consumers.

    April 01, 2020 WebPage Regulatory News
    News

    APRA on Changes to Reporting Obligations for Banks Due to COVID-19

    APRA, in collaboration with the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS), published a letter outlining temporary changes in reporting obligations for authorized deposit-taking institutions and registered financial corporations, in response to COVID-19.

    April 01, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 4936