On September 14, the Office of the Comptroller of the Currency (OCC) released its bank supervision operating plan for fiscal year (FY) 2017. “Our FY 2017 operating plan helps institutions regulated by the OCC to better understand our supervisory priorities,” said Comptroller of the Currency Thomas J. Curry. “The plan provides the foundation for policy initiatives and for supervisory strategies as applied to individual banks. . . ” Supervisory strategies for FY 2017 will focus on:
- commercial and retail loan underwriting;
- business model sustainability and viability;
- operational resiliency;
- Bank Secrecy Act/anti-money laundering compliance management; and
- change management process in order to address new regulatory requirements.
A copy of the plan is available here.