The Office of the Comptroller of the Currency has revised its 1999 “Federal Branches and Agencies Supervision” booklet. This publication provides guidance to OCC-regulated federal branches and agencies of foreign banking organizations regarding how the agency will assess their overall safety and soundness during periodic examinations.
Compliance Weeds: I have always found examinations guidance by any regulator helpful to better anticipate what might be asked by my own company’s regulator—even if not precisely relevant. This is especially the case for areas where there are not necessarily specific requirements (for example, information technology). However, even where there are specific rules, seeing what another regulator identifies as the priority concerns (for example, anti-money laundering) is useful.