On June 30, 2015, the US Office of the Comptroller of the Currency issued its report discussing the various risks and supervisory concerns facing national banks and federal savings associations. The report, titled Semiannual Risk Perspective for spring 2015, is based on data collected through to the end of 2014. Topics discussed as top areas of concern, amongst others, include evolving cyber threats and information technology vulnerabilities, compliance with new mortgage lending requirements and Bank Secrecy Act/Anti-Money Laundering risks. In addition, declining revenues and profitability, competition for limited lending opportunities resulting in loosening underwriting standards and layering of risk as well as a prolonged low interest rate environment were also discussed in the report as areas of risk for OCC-supervised institutions.

The full text of the OCC Semiannual Risk Perspective for spring 2015 is available at: http://www.occ.gov/publications/publications-by-type/other-publications-reports/semiannual-risk-perspective/semia nnual-risk-perspective-spring-2015.pdf