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OCC: even in rip-roaring economy, bank risks persist

Joe Mont | January 19, 2018

The economy may be speeding along in top form, and the stock market is definitely booming. All that good news, however, doesn’t mean that the specter of risk is off the table for financial institutions.

This week, the Office of the Comptroller of the Currency (OCC) today reported credit, operational, and compliance risks are key concerns for the federal banking system in its Semiannual Risk Perspective for Fall 2017.

“The credit environment continues to be influenced by aggressive competition, tighter spreads, and slowing loan growth. These factors are driving incremental easing in underwriting practices and increasing concentrations in select loan portfolios—leading to heightened risk if the economy weakens or markets tighten quickly,” the agency says.

Operational risk, it adds, continues to...

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