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OCC Bulletin 2024-16 | July 3, 2024

OCC Guidelines Establishing Standards for Recovery Planning by Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches: Notice of Proposed Rulemaking

To

Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties

Summary

The Office of the Comptroller of the Currency (OCC) is proposing to revise its guidelines establishing standards for recovery planning by certain large insured national banks, federal savings associations, and federal branches (recovery planning guidelines) at 12 CFR 30, appendix E. The OCC invites the public to comment on all aspects of the proposal. Comments are due on August 2, 2024.

Note for Community Bank

The proposal would not apply to OCC-supervised institutions with less than $100 billion in average total consolidated assets.

Highlights

The proposal would

  • expand recovery planning guidelines to apply to insured national banks, federal savings associations, and federal branches with at least $100 billion in assets.
  • incorporate a testing standard for recovery plans.
  • clarify the role of nonfinancial risk (including operational and strategic risk) in recovery planning.

Further Information

Please contact Andra Shuster, Senior Counsel, Karen McSweeney, Special Counsel, or Priscilla Benner, Counsel, Chief Counsel's Office, (202) 649-5490.

Theodore J. Dowd IIActing Senior Deputy Comptroller and Chief Counsel

  • Notice of Proposed Rulemaking: OCC Guidelines Establishing Standards for Recovery Planning by Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches(PDF)

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