OCC Provides Mid-Cycle Status Report on Its Fiscal Year 2016 Committee on Bank Supervision Operating Plan

WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released its mid-cycle report on key actions completed to date to execute its annual Committee on Bank Supervision’s operating plan and on priority objectives for the remainder of the year.

“The OCC’s operating plan creates the foundation for developing individual bank supervisory strategies and policy initiatives,” said Senior Deputy Comptroller for Bank Supervision Policy and Chief National Bank Examiner Grace Dailey. “Publishing those results promotes transparency and frames our expectations of national banks and federal savings associations going forward,” she said.

OCC staff use this plan to guide their supervisory priorities, planning, and resource allocations.

According to the plan, supervisory priorities for the remainder of the fiscal year include:

• Compliance,
• Operational Resiliency,
• Credit Risk Management,
• Stress Testing,
• Strategic Planning and Execution,
• Corporate Governance, and
• Interest Rate Risk.

Related Link

• Fiscal Year 2016 Mid-Cycle Operating Plan Status Report (PDF)