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OCC Bulletin 2015-3
January 14, 2015
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Chief Executive Officers and Asset Management Personnel of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties
The Office of the Comptroller of the Currency (OCC) issued today the “Conflicts of Interest” booklet of the Comptroller’s Handbook. This booklet replaces a booklet of the same title issued in June 2000.
This booklet, which has been revised to include the supervision of federal savings associations (FSA), provides updated guidance for examiners on risks and expected controls over conflicts of interest that may arise in asset management activities. This booklet explains the risks inherent in such conflicts and provides frameworks for managing those risks.
This booklet applies to examinations of all national banks and FSAs (collectively, banks) that offer asset management services, including banks that have trust powers and offer fiduciary services.
Specifically, this booklet incorporates updated guidance and references related to
The issuance of this booklet makes applicable to FSAs the following OCC guidance:
The issuance of this booklet rescinds the following documents:
For further information, contact Tish Dalton, Risk Specialist, Credit and Market Risk Division, or Joel Miller, Asset Management Group Leader, Credit and Market Risk Division, at (202) 649-6360.
Jennifer C. Kelly
Senior Deputy Comptroller and Chief National Bank Examiner