Bank examiners from the Treasury Department’s Office of the Comptroller of the Currency (OCC) are focusing their supervision attention on how banks manage risks that brought down three mid-sized financial institutions earlier this year.
The OCC’s “Fiscal Year 2024 Bank Supervision Operating Plan,” released Sept. 28, said its risk-based supervision will focus on asset and liability management, specifically interest rate and liquidity risks. OCC supervisors will expect banks to have conducted stress tests across a sufficient range of scenarios, sensitivity analyses of key model assumptions and liquidity sources, and contingency planning.
