OCC Bulletin on Basel III Amendments.
On March 7th, the OCC issued a Bulletin on an interim final rule that makes technical and conforming amendments to its regulations governing national banks and federal savings associations. The final rule, which is effective March 31, 2014, amends various regulations in order to make those regulations consistent with the recently adopted Basel III Capital Framework.
Stress Test Guidance for Mid-Sized Firms.
On March 5th, the FDIC, Federal Reserve Board, and OCC issued final guidance describing supervisory expectations for stress tests conducted by financial companies with total consolidated assets between $10 billion and $50 billion. These companies are required to perform their first stress tests under the Dodd-Frank Act by March 31, 2014. Joint Press Release. See also OCC Bulletin.
The Office of the Comptroller of the Currency will host two workshops in Atlanta, Georgia on April 8-9, 2014 for directors of national community banks and federal savings associations. The "Credit Risk" and "Risk Assessment" workshops are designed exclusively for directors of institutions supervised by the OCC. The risk assessment workshop discusses the OCC's approach to risk-based supervision, and best practices to identify, measure, monitor and control risk. Focus areas include enterprise risk management, capital risk, and cybersecurity. The credit risk workshop focuses on the roles of the board and bank management, current events, emerging industry trends, and a range of credit issues, from structuring credit to collections. OCC Press Release.
Interagency Community Reinvestment Conference.
The federal bank regulatory agencies, the Federal Reserve Bank of San Francisco, the Federal Reserve Bank of Chicago, and the Community Development Financial Institutions Fund will host the 2014 National Interagency Community Reinvestment Conference in Chicago on March 31 to April 2, 2014. Joint Press Release.