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

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.

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 II
Acting Senior Deputy Comptroller and Chief Counsel

Related Link

• 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)