Supervisory Strategy Plans Align with Semi-Annual Risk Perspective
It is that time of year again. As of October 1st, the Office of the Comptroller of the Currency’s (OCC) 2019 fiscal year has begun. With that, they released their annual supervisory strategy plans for the new fiscal year. It aligns with their most recent semi-annual risk perspective issued this past spring so there shouldn't be any big surprises
The agency’s operating plan is what guides the development of supervisory strategies for the banks it regulates. The agency’s different operating units will use this guidance to generate its supervisory plan and resource allocation.
Large banks are not examined in the same way that your community bank is examined. However, the focus points of the agency apply to all banks. For example, the deputy comptrollers over Community Bank Supervision take these operating priorities, scale them to the size and risk profile of the banks it supervises and scope exams accordingly. OCC leaders over Large Bank Supervision will do the same, albeit it at a different scale considering the difference in the size and risk profiles of these institutions (i.e. Bank of America, Chase and Wells Fargo).
