By Kyle Brasseur2023-06-15T14:56:00
Banks should still be on guard despite relative calm in the industry compared to where things were three months ago following the collapse of Silicon Valley Bank (SVB), the Treasury Department’s Office of the Comptroller of the Currency (OCC) warned.
The agency’s semiannual risk perspective released Wednesday noted compliance and operation risks at banks remain elevated regardless of strengthened liquidity levels in response to the failures of SVB, Signature Bank, and First Republic Bank. The OCC also flagged signs of stress among credit risks, a result of high inflation and rising interest rates.
In a statement accompanying the release of the report, Acting Comptroller of the Currency Michael Hsu said the agency expects banks to “be on the balls of their feet” regarding risk management. He noted banks should be:
2023-12-08T17:54:00Z By Kyle Brasseur
Artificial intelligence was highlighted as an emerging risk to the federal banking system as part of the Office of the Comptroller of the Currency’s latest semiannual risk perspective.
2023-12-07T16:43:00Z By Aaron Nicodemus
New guidance from the Office of the Comptroller of the Currency advises banks to tailor their risk management strategies and lending oversight for “buy now, pay later” plans.
2023-10-25T18:32:00Z By Aaron Nicodemus
Federal banking regulators issued a long-promised framework that provides guidance on the safe and sound management of climate-related financial risks at large banks.
2025-08-06T14:00:00Z By Aaron Nicodemus
The Trump administration’s designation of Mexican cartels as terrorist organizations in February has made doing business in Mexico riskier than ever before for corporations.
2025-06-26T15:37:00Z By Aaron Nicodemus
Bank examiners at the Federal Reserve Board will no longer assess reputational risk during examinations, a concession to the banking industry already underway with two other U.S. regulators.
2025-05-29T16:07:00Z By Aaron Nicodemus
Corporate governance is, all too often, handed down from generation to generation. Like a well-worn jacket, it works great—until it doesn’t. Typically, it is a crisis that forces companies to reassess their corporate governance framework, as gaps are filled and poor policies rewritten. But it doesn’t have to be that ...
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