International Banking Supervision
International Bank Supervision (IBS) resides within Large Bank Supervision (LBS). IBS conducts the Federal Branches and Agencies supervision program and coordinates the OCC’s international work in line with the agency’s primary bank supervisory goals. IBS also supports LBS in its supervision of the international activities of its globally active banks, including through its London office, where a team of examiners is deployed to enhance OCC’s oversight of the US banks’ London operations.
IBS serves as the primary point of contact for international banking supervisors, and as a clearinghouse for various requests the agency receives, such as for supervisory information, bilateral meetings, and participation in international working groups. The IBS also maintains a high degree of collaboration with other OCC divisions, since legal, economics, policy, and examination staff from throughout the agency play active roles in the international activities of the OCC.
The IBS mission includes a strong focus on working with foreign supervisors through various means such as information exchange and technical assistance. The OCC’s commitment to international cooperation is reflected in its work with such international groups as the Financial Stability Board, FATF, the Senior Supervisors Group, and the Basel Committee on Bank Supervision.
In addition, OCC’s core supervisory work has an expanding international emphasis, requiring increasing interaction with foreign supervisors. This interaction includes regular sharing of information regarding the risks faced by OCC supervised institutions. OCC has established productive ongoing working relationships with a number of key foreign counterparts. A further important vehicle utilized by OCC to facilitate communication with foreign colleagues is the supervisory college, which affords its members the opportunity to confer regularly on supervisory matters of significance to the group as a whole. OCC, together with the Federal Reserve Board, co-chairs supervisory colleges for Bank of America, Citigroup, JPMorganChase, and Morgan Stanley. OCC also participates in a number of other supervisory colleges as a host supervisor.
10/09/2014 OCC Approach to Federal Branch and Agency Supervision (PDF)