OCC Supervision Operating Plan for 2022

On October 15, 2021, the Office of the Comptroller of the Currency (OCC) released its bank supervision operating plan for 2022. The plan provides the foundation for policy initiatives and for supervisory strategies as applied to individual financial institutions regulated by the OCC. OCC staff members use this plan to guide their supervisory priorities, planning, and resource allocations.

According to the OCC’s release, supervisory strategies for 2022 will focus on

  • strategic and operational planning to ensure banks maintain stable financial positions.

  • credit risk management, allowances for loan and lease losses, and allowances for credit losses.

  • cybersecurity and operational resilience.

  • oversight of third parties and related concentrations.

  • Bank Secrecy Act/anti-money laundering (BSA/AML) compliance management.

  • consumer compliance management systems and fair lending risk.

  • Community Reinvestment Act performance.

  • the impact of a low-rate environment and the transition to alternative reference rates given the cessation of LIBOR.

  • payment systems products and services.

  • fintech partnerships for potential cryptocurrency-related activities and other services.

  • climate change risk management.

The OCC’s 2022 Bank Supervision Operating Plan can be found at https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-106a.pdf.

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