OCC proposes recovery plan rule for banks with $100B or more in assets


The Treasury Department’s Office of the Comptroller of the Currency (OCC) proposed a rule that would extend requirements for recovery plans to all banks with at least $100 billion in assets.

The proposed rule, published July 3 in the Federal Register, would require approximately 19 additional mid-sized banks to create detailed recovery plans to be implemented during times of severe financial stress or failure.

The OCC’s current recovery planning guidelines apply to large banks with more than $250 billion in assets or to banks with less than $250 billion if they are highly complex or present what the agency considers to be heightened risks.

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