Links in “OCC”

Sign of the times: No enforcement orders issued, while 11 cease and desist or formal agreements terminated. 6 prohibition orders issued. [3/24]

OCC continues its Directors Workshop series in Baltimore (April 28th-30th) entitled “Mastering the Basics: A Director’s Challenge.” The three-day workshop is designed exclusively for directors of OCC institutions providing practical information on the roles and responsibilities of a community bank director. [3/24]

Speech today by OCC Comptroller to ACAMS (Association of Certified AML Specialists) in Hollywood (Florida) touches on key BSA points, including strong efforts in the industry, noted deficiencies that warrant additional attention, overcoming "de-risking" using increased risk management practices, and the continued importance of sound management principles to guide an FI's AML program. [3/17]

The OCC announced the adoption of the interagency examination procedures reflecting new mortgage rules requirements under Dodd-Frank with procedures on assessing an institution’s compliance with the new mortgage rules and conducting examinations. [3/17]

This speech to the National Community Reinvestment Coalition focuses on rural outreach efforts and the role OCC is playing in providing guidance through updated Q&A on Community Development Initiatives that have broader regional/state impact. [3/13]

48 national banks' and federal savings associations' CRA results released. It has been a good year so far with 12 Outstanding ratings, 36 Satisfactory ratings, and 0 Needs to Improve ratings for the months of January and February. [3/13]

The OCC results of the December 2013 evaluations shows 34 Public Evaluations made available with 9 rated outstanding, 23 rated satisfactory, and two rated needs to improve (Woodforest National Bank (Texas) and E*Trade Savings Bank). [3/12]

A look at the guidance concerning third-party relationship requirements, including "critical activities" that have a major impact on bank operations, released by the OCC. [3/10]

The OCC issued a final rule on Basel III Capital Framework which is effective March 31, 2014 and adds a new common equity tier 1 requirement, revises the definitions of tier 1 and tier 2 capital, integrates federal savings associations into Prompt Corrective Action and clarifies certain elements including requirements for subordinated debt. [3/10]

OCC Comptroller Curry's virtual address to ICBA members on community banking. Key notes included: emphasis on importance of community banks, regulatory burdens, key risk factors including emerging risk factors associated with IT security, and third-party relationships. [3/5]