On March 8, 2022, the OCC issued an updated “Large Bank Supervision” booklet of the Comptroller’s Handbook. The “Large Bank Supervision” booklet is prepared for use by OCC examiners in connection with their examination and supervision of midsize and large national banks and federal savings associations as well as foreign-owned U.S. branches and agencies.
The updated booklet includes a revised core assessment, which will be effective for core assessment summaries using financial information as of March 31, 2022. The updated booklet
includes clarifying updates to clearly set expectations related to preparing and documenting the core assessment summary.
combines information about the core assessment and risk assessment system into the “Core Assessment” section.
updates the core assessment factors and sub-factors
for consistency across risk areas.
to align with other OCC sources that were issued or updated since the “Large Bank Supervision” booklet was last updated.
to focus on the sub-factors most likely to drive the conclusion for each factor.
to include cross-references to relevant OCC issuances.
clarifies differences between the annual core assessment summary and quarterly supervision updates.
adds “focused review” as a supervisory activity type, consistent with the OCC’s current practices.
includes updates for consistency with other OCC issuances and edits for clarity.
Read the OCC’s bulletin here.
The Large Bank Supervision booklet can be found here.