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Wednesday, June 3, 2015

OCC Releases Mid-Cycle Report on FY2015 Operating Plan

The OCC Committee on Bank Supervision released a mid-cycle status report on its operating plan for fiscal year 2015. The operating plan provides the foundation for developing individual bank supervisory strategies and policy initiatives. The report included actions completed to date, and objectives for the remainder of the year. Throughout the first half of the fiscal year, OCC supervisory staff issued various supervisory communications and 577 reports of examination.

According to the plan, supervisory priorities for the remainder of the fiscal year center on:
  • Strategic planning and execution
  • Cybersecurity
  • Corporate governance
  • Operational risk
  • Loan underwriting
  • Stress testing
  • Interest rate risk
  • Compliance

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