On February 6th, the Office of the Comptroller of the Currency (“OCC”) published two Bulletins. The first addresses the December 29, 2014 revisions to the Community Reinvestment Act regulations that became effective January 1, 2015. CRA Revisions Bulletin. The second discusses the Federal Financial Institutions Examination Council’s (“FFIEC”) new appendix, “Strengthening the Resilience of Outsourced Technology Services,” to the “Business Continuity Planning” booklet of the FFIEC Information Technology Examination Handbook. The new appendix ensures that the booklet aligns with regulatory guidance on thirdparty relationship risk management and incorporates emerging risks, such as cyber resilience risk concerns. FFIEC Information Technology Examination Handbook.
Minority Depository Institutions Advisory Committee
The OCC announced it will host a public meeting of the Minority Depository Institutions Advisory Committee on February 18, 2015. OCC Press Release.
The OCC will host two workshops in Morristown, New Jersey on March 1011, 2015 for directors of national community banks and federal savings associations. The Risk Governance workshop on March 10 combines lectures, discussion, and exercises to provide practical information for directors to effectively measure and manage risks. The workshop also focuses on the OCC’s approach to riskbased supervision and major risks in the financial industry. Revised and updated for 2015, the Credit Risk workshop on March 11 focuses on credit risk within the loan portfolio, such as identifying trends and recognizing problems. The workshop also covers the roles of the board and management, how to stay informed of changes in credit risk, and how to effect change. OCC Press Release.