On September 25, 2015, the US Office of the Comptroller of the Currency released its bank supervision operating plan for fiscal year 2016. Generally, the operating plan identifies the OCC's bank supervision priorities and objectives for the year and guides the development of supervisory strategies for national banks and federal savings associations. According to the plan, supervisory strategies for fiscal year 2016 will focus on: (i) business model and strategy changes; (ii) compliance; (iii) credit risk and loan underwriting; (iv) cybersecurity and resiliency planning; and (v) interest rate risk.
The press release is available at: http://www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-130.html.
The operating plan is available at: http://www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-130a.pdf.
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.