On May 28, the OCC announced that it will expand the organization, functions and responsibilities of its large bank lead expert program to improve horizontal perspective and analysis, systemic risk identification and resource prioritization. The OCC will establish a formal rotation program for all examiners to provide them with broader perspectives. The OCC will also formalize an enterprise risk management framework. These changes come in response to an international peer review of the OCC's supervision of large banks and thrifts. Press Release. International Peer Review Report. Summary of OCC Responses.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
