OCC Releases Bank Supervision Operating Plan for Fiscal Year 2024

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2024.

The plan outlines the OCC’s supervision priorities and objectives for the year. It also facilitates the implementation of supervisory strategies for individual national banks, federal savings associations, federal branches and agencies of foreign banking organizations, and third-party service providers subject to OCC examination. OCC staff uses this plan to guide its supervisory priorities, planning, and resource allocations.

Key areas of heightened focus for supervisory strategies in FY 2024:

  • Asset and liability management
  • Credit
  • Allowance for credit losses
  • Cybersecurity
  • Operations
  • Digital ledger technology activities
  • Change management
  • Payments
  • Bank Secrecy Act/anti-money laundering/countering the financing of terrorism and Office of Foreign Assets Control
  • Consumer compliance
  • Community Reinvestment Act
  • Fair lending
  • Climate-related financial risks

The OCC provides periodic updates about supervisory priorities, emerging risks, and horizontal risk assessments in the Semiannual Risk Perspective in the fall and spring.

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