January 20, 2014 The Washington Report

January 20, 2014 The Washington Report

OCC Proposes Formal Guidelines for Its Heightened Expectations for Large Banks

1000

Related content

The Office of the Comptroller of the Currency (OCC) released proposed guidelines that would establish minimum standards for the design and implementation of a risk governance framework for large insured national banks, insured federal savings associations, and insured federal branches of foreign banks with average total consolidated assets of $50 billion or more as well as minimum standards for a board of directors in overseeing the design and implementation of the framework. The proposal would reserve the OCC’s authority to apply the guidelines to an institution with less than $50 billion in assets if the OCC determines that it is highly complex or otherwise presents a heightened risk.

© 2022 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.


For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal