OCC BULLETIN 2016-25
Subject: Corporate and Risk Governance
Date: July 29, 2016
To: Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches of Foreign Banks; Department and Division Heads; All Examining Personnel; and Other Interested Parties
Description: New Comptroller’s Handbook Booklet and Rescissions
The Office of the Comptroller of the Currency (OCC) issued today the “Corporate and Risk Governance” booklet of the Comptroller’s Handbook. This new booklet updates, consolidates, and rescinds the following Comptroller’s Handbook booklets:
The new booklet also replaces section 310, “Corporate Governance and Oversight by the Board of Directors,” issued in January 2009, and section 330, “Management Assessment,” issued in November 2004. These sections were part of the former Office of Thrift Supervision Examination Handbook for the examination of federal savings associations (FSA).
The new booklet provides examiners with an overview of corporate and risk governance, the associated risks, the board and management’s roles in these activities, and examination procedures to use during supervisory activities that focus on evaluating national banks’ and FSAs’ (collectively, banks) corporate and risk governance.
Note for Community Banks
The “Corporate and Risk Governance” booklet applies to the examination of all OCC-supervised banks.
For further information, contact the Operational Risk Policy Division at (202) 649-6550.
Grace E. Dailey