On September 19, the OCC issued a notice of proposed rulemaking to revise its 2016 guidelines on recovery planning standards for insured national banks, insured federal savings associations, and insured federal branches. The OCC seeks to raise the average total consolidated assets threshold from $50 billion to $250 billion, and give banks above the threshold 12 months instead of 18 months to comply with the guidelines. The proposed rule would also make technical amendments to remove outdated compliance dates. According to the OCC, a threshold increase would tailor the focus on “institutions that present greater systemic risk to the banking system.” The proposal is also consistent with the scope of the FDIC and Federal Reserve Board’s resolution planning threshold, which was raised from $50 billion to $250 billion as part of the Economic Growth, Regulatory Relief, and Consumer Protection Act.
Comments on the proposal are due by November 5.