OCC Releases Bank Supervision Operating Plan for Fiscal Year 2020

News Release 2019-111 | October 1, 2019

WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2020.

The plan provides the foundation for policy initiatives and for supervisory strategies as applied to individual national banks, federal savings associations, federal branches, federal agencies, and technology service providers. OCC staff members use this plan to guide their supervisory priorities, planning, and resource allocations.

Supervisory strategies for FY 2020 focus on

  • cybersecurity and operational resiliency.
  • Bank Secrecy Act/anti-money laundering (BSA/AML) compliance management.
  • commercial and retail credit underwriting practices and oversight and control functions.
  • impact of changing interest rate outlooks on bank activities and risk exposures.
  • preparedness for the current expected credit losses (CECL) account standard, and preparation for the potential phase-out of the London Interbank Offering Rate (LIBOR).
  • technological innovation and implementation.

The OCC will provide periodic updates about supervisory priorities through the Semiannual Risk Perspective in the fall and spring.

Related Link

Media Contact

Bryan Hubbard
(202) 649-6870

IR Press

Share
Published by
IR Press

Recent Posts

Remarks by Secretary of the Treasury Janet L. Yellen at East Valley American Job Center in Mesa, Arizona

As Prepared for DeliveryI. IntroductionThank you to everyone for being here. It’s good to be…

2 days ago

Agencies Issue Guide to Assist Community Banks to Develop and Implement Third-Party Risk Management Practices

Federal bank regulatory agencies today released a guide to support community banks in managing risks…

2 days ago

MEDIA ADVISORY: Under Secretary for Terrorism and Financial Intelligence Brian Nelson to Travel to Singapore and Malaysia

WASHINGTON – From May 6th to May 9th, Under Secretary of the Treasury for Terrorism…

3 days ago

Remarks by Secretary of the Treasury Janet L. Yellen on the Economic Case for Democracy

As Prepared for DeliveryI. IntroductionGood afternoon. Thank you to the McCain Institute for the invitation…

3 days ago

Treasury Targets Sanctions Evaders Supporting Key Hizballah Financial Advisor

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)…

4 days ago