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OCC details top bank risks, stresses compliance

Joe Mont | January 5, 2017

The Office of the Comptroller of the Currency reports that strategic, credit, operational, and compliance risks remain top concerns in its “Semiannual Risk Perspective for Fall 2016.”

The report, released on Jan. 5, focuses on issues that pose threats to the safety and soundness of those financial institutions regulated by the OCC and is intended as a resource to the industry, examiners, and the public. It covers risks facing national banks and federal savings associations based on data through June 30, 2016. It presents data in four main areas: the operating environment, bank performance, trends in key risks, and regulatory actions.

Highlights from the report include: