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 The updated booklets rescinded the following: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
- 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 ArticleEC Vice President Makes Case to Complete Economic and Monetary Union
The European Banking Authority (EBA) has published the final templates, and the associated guidance, for collecting climate-related data for the one-off Fit-for-55 climate risk scenario analysis.
The European Banking Authority (EBA) recently published a report that recommends enhancements to the Pillar 1 framework, under the prudential rules, to capture environmental and social risks.
As a follow on from its prudential standard on the treatment of crypto-asset exposures, the Basel Committee on Banking Supervision (BCBS) proposed disclosure requirements for crypto-asset exposures of banks.
The Basel Committee on Banking Supervision (BCBS) and the European Banking Authority (EBA) have published results of the Basel III monitoring exercise.
The Prudential Regulation Authority (PRA) recently issued a few regulatory updates for banks, with the updated Basel implementation timelines being the key among them.
The U.S. Department of the Treasury has recently set out the principles for net-zero financing and investment.
The European Commission (EC) launched a stakeholder survey on the draft International Guiding Principles for organizations developing advanced artificial intelligence (AI) systems.
The finalization of the two sustainability disclosure standards—IFRS S1 and IFRS S2—is expected to be a significant step forward in the harmonization of sustainability disclosures worldwide.
Decentralized finance (DeFi) is expected to increase in prominence, finding traction in use cases such as lending, trading, and investing, without the intermediation of traditional financial institutions.
The Basel Committee on Banking Supervision (BCBS) published reports that assessed the overall implementation of the net stable funding ratio (NSFR) and the large exposures rules in the U.S.