Featured Product

    OCC Revises Retail Lending Booklet of Comptroller's Handbook

    October 28, 2021

    The Office of the Comptroller of the Currency (OCC) issued version 2.0 of the retail lending booklet of the Comptroller’s Handbook. This booklet discusses risks associated with retail lending and provides a framework for evaluating risk management activities. The “Retail Lending” booklet includes expanded examination procedures that examiners should use when specific retail credit products, services, or risks warrant review beyond the core assessment. Issues related to the use of third-party services is also one of the focus areas.

    In accordance with the risk-based supervision approach of OCC, examiners begin their evaluation of retail lending activities with the core assessment in the community bank supervision, federal branches and agencies supervision, or large bank supervision booklets of the Comptroller’s Handbook. The retail lending booklet applies to the OCC’s supervision of community banks engaged in retail lending. While retail lending generally involves all risk categories, this booklet focuses on the significant credit, interest rate, operational, liquidity, compliance, strategic, and reputation risks most common to retail lending. The revised booklet:

    • reflects changes to laws and regulations since this booklet was last updated
    • reflects OCC issuances published and rescinded since this booklet was last updated
    • includes clarifying edits regarding supervisory guidance, sound risk management practices, and legal language
    • revises certain content for general clarity

     

    Related Links

    Keywords: Americas, US, Banking, Retail Lending, Lending, Credit Risk, OCC

    Related Articles
    News

    EBA Launches Stress Tests for Banks, Issues Other Updates

    The European Banking Authority (EBA) launched the 2023 European Union (EU)-wide stress test, published annual reports on minimum requirement for own funds and eligible liabilities (MREL) and high earners with data as of December 2021.

    January 31, 2023 WebPage Regulatory News
    News

    EBA Proposes Standards for IRRBB Reporting Under Basel Framework

    The European Banking Authority (EBA) proposed implementing technical standards on the interest rate risk in the banking book (IRRBB) reporting requirements, with the comment period ending on May 02, 2023.

    January 31, 2023 WebPage Regulatory News
    News

    FED Issues Further Details on Pilot Climate Scenario Analysis Exercise

    The U.S. Federal Reserve Board (FED) set out details of the pilot climate scenario analysis exercise to be conducted among the six largest U.S. bank holding companies.

    January 17, 2023 WebPage Regulatory News
    News

    US Agencies Issue Several Regulatory and Reporting Updates

    The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.

    January 04, 2023 WebPage Regulatory News
    News

    ECB Issues Multiple Reports and Regulatory Updates for Banks

    The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.

    January 01, 2023 WebPage Regulatory News
    News

    HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements

    The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.

    December 30, 2022 WebPage Regulatory News
    News

    EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR

    The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.

    December 29, 2022 WebPage Regulatory News
    News

    CBIRC Revises Measures on Corporate Governance Supervision

    The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.

    December 29, 2022 WebPage Regulatory News
    News

    HKMA Publications Address Sustainability Issues in Financial Sector

    The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.

    December 23, 2022 WebPage Regulatory News
    News

    EBA Updates Address Basel and NPL Requirements for Banks

    The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.

    December 22, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8700