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    OCC Releases Bank Supervision Operating Plan for Fiscal Year 2020

    October 01, 2019

    The OCC Committee on Bank Supervision released the bank supervision operating plan for fiscal year 2020. The 2020 plan outlines the supervisory priorities of OCC and aligns with the Strategic Plan of OCC for fiscal years 2019–2023 and with the priorities of the National Risk Committee. The plan provides the foundation for policy initiatives and supervisory strategies as applied to national banks, federal savings associations, federal branches, federal agencies, and technology service providers. Additionally, OCC plans to provide periodic updates about supervisory priorities through the Semiannual Risk Perspective in the Fall and Spring.

    OCC will adjust supervisory strategies, as appropriate, during the fiscal year in response to emerging risks and supervisory priorities. For fiscal year 2020, in addition to the baseline supervision to assign ratings, the development of supervisory strategies will focus on the following risk areas: 

    • Cyber-security and operational resilience, with emphasis on threat vulnerability and detection, access controls and data management, and management of third-party connections
    • Preparedness for the current expected credit losses, or CECL, accounting standard, including bank implementation plans and use of third-party vendors to assist in methodology, modeling, and management information systems development
    • Preparation for the potential phase-out of the London Interbank Offering Rate, or LIBOR, as a reference rate after 2021, including impact assessments, correlated risk assessments, vendor management, and change management related to the implementation of an alternative index for pricing loans, deposits, other products and services, and operational and compliance risks
    • Technological innovation and implementation, including use of cloud computing, artificial intelligence, digitalization in risk management processes, new products and services, and strategic plans
    • Commercial and retail credit underwriting practices and oversight and control functions, , with a focus on evaluating credit risk appetites, risk layering, and portfolio risk exposure
    • Impact of changing interest rate outlooks on bank activities and risk exposures, including deposit costs, funding migration, asset valuations, borrower debt service capacity, and housing affordability


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    Keywords: Americas, US, Banking, CECL, LIBOR, Banking Supervision, Cyber Risk, Credit Risk, Fintech, Operating Plan, OCC

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