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OCC Bulletin 2016-4
February 12, 2016
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Chief Executive Officers 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 “Country Risk Management” booklet of the Comptroller's Handbook. This revised booklet replaces the booklet of the same title issued in March 2008.
This booklet is prepared for use by OCC examiners in assessing a bank’s exposure to country risk and includes procedures to evaluate the adequacy of the bank’s country risk management framework. Country risk management topics include board and management oversight; policies and procedures; country exposure reporting system; country risk analysis process; country risk ratings; country exposure limits; monitoring country conditions; stress testing and integrated scenario planning; and independent risk management, internal controls, and audit.
This booklet applies to examinations of all national banks and federal savings associations (collectively, banks) with exposure to country risk. In midsize and community banks, examiners typically perform a country risk review in conjunction with an examination of trade finance and services.
The issuance of this booklet makes OCC Bulletin 2002-10, “Country Risk: Sound Risk Management Practices,” applicable to federal savings associations.
For further information, contact Teresa Rutledge, Director for International Banking Supervision, at (202) 649-6210.
Senior Deputy Comptroller for Large Bank Supervision