[T]he environment is getting better for small banks and thrifts…[W]e are seeing real improvements in asset quality, liquidity, underwriting, and capital, among other indicators. The number of problem banks is beginning to stabilize, and the volume of problem assets is falling.Curry continued by discussing subjects of risk management, and in particular enterprise risk management including topics of capital planning, stress testing, and operational risk. Curry encouraged bankers to look at the OCC’s Semiannual Risk Perspective, which the OCC published for the first time this past spring.
Clearly, the ones who made it [through the financial crisis] had stronger capital, better liquidity management, better underwriting, and, in most cases, smaller asset concentrations. They are the ones who stuck to their knitting, served their communities, and didn’t try to reach too far for profits.
Read Curry’s full prepared remarks.
Read the OCC’s Semiannual Risk Perspective.