Links in “OCC”

Speech by the Comptroller promotes new "expected loss" model approach to ALLL. Fits well with enterprise risk management concepts of today. [9/17]

OCC seizes $3.1 billion-asset First National Bank in Edinburg, Texas, one of two banks closed on Friday, bringing the total for the year to 22 closures. [9/16]

OCC deputy tells risk managers that a review of banks of all sizes found weakness in all aspects of the appraisal process, from unsigned reports to the lack of quality control function. [9/12]

Speech notes need for coordinated efforts to achieve compliance, a central theme that ends "Silo Approach" and one that will resonate within strong FIs. [9/12]

For the 20 National Banks reviewed in July 2013, 16 ratings were Satisfactory and 4 Outstanding.

Head of $455 million-asset bank in New York decries the regulatory fallout hitting small banks, but caused by big banks getting themselves into trouble. "We are being required to manage risk at unbelievable levels. Even if we are not regulated by the Consumer Financial Protection Bureau, you can bet more regulations will come from our primary regulator, the OCC, regarding consumer protection just because it is part of what is happening.” [9/10]

OCC Senior Deputy Comptroller Jennifer Kelly speaks to Military Bankers Association of America on key risks facing national banks, but has pointed insights for all FIs. Commments merit reading. Strategic, reputation, compliance, operational, and BSA risks among highlighted. [9/9]

Citing the positive impact of the U.S. banking system on the global economy, former OCC head Eugene Ludwig states that "most successful inventions are accompanied by inventive, pragmatic regulation.” [9/4]

Although proposed rule issued by the FDIC, FHFA, FRB, Dept. of Housing and Development, SEC and the OCC does not directly affect credit unions, as participants in the mortgage market place they would likely feel the impact; proposed rule would make the definition of a “qualified residential mortgage” consistent with the CFPB’s definition of a “qualified mortgage.” [8/29]

The revised definitions of a Qualified Residential Mortgage and Qualified Mortgage Plus will undoubtedly provide for interesting commentary. Do you agree with the revisions? [8/29]