June 3, 2015
OCC Provides Mid-Cycle Status Report on Its Fiscal Year 2015 Operating Plan
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released a mid-cycle report on key actions completed to date to execute its annual operating plan and priority objectives for the remainder of the year.
“Publishing our operating plan progress provides greater transparency to our supervisory priorities and actions,” said Senior Deputy Comptroller for Bank Supervision Policy and Chief National Bank Examiner Jennifer Kelly. “It helps regulated institutions better understand our expectations and concerns.”
The operating plan provides the foundation for the development of individual bank supervisory strategies and policy initiatives. OCC staff use this plan to guide their supervisory priorities, planning, and resource allocations. The document released today provides a mid-cycle status report on some of the key accomplishments and priorities for the remainder of the year.
According to the plan, supervisory priorities for the remainder of the fiscal year include:
- Strategic planning and execution,
- Corporate governance,
- Operational risk,
- Loan underwriting,
- Stress testing,
- Interest rate risk, and