OCC Issues Final Rules and Guidelines on Risk Governance and Oversight

On September 25th the Office of the Comptroller of the Currency (OCC) issued enforceable final guidelines that establish minimum standards for the design and implementation of a risk governance framework for large insured national banks, insured federal savings associations, and insured federal branches of foreign banks. The final guidelines also establish minimum standards for an institution’s board of directors in overseeing the framework.

OCC Bulletin.