On January 5, 2023, the OCC issued its annual report to Congress which provides an overview of the condition of the federal banking system. The annual report can be beneficial to compliance professionals as it discusses the OCC's strategic priorities and details agency regulatory and policy initiatives.

The 2022 Annual Report highlights the OCC's efforts to foster and safeguard trust between and among its stakeholders to be able to work together and solve broad problems. OCC’s key priorities in 2022 included:

Guarding against complacency;
Reducing inequality in banking;
Adapting to digitalization; and
Addressing climate-related financial risk.

The OCC annual report can be found here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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