Retail Risk Management and Classification
From a regulatory perspective, risk is the potential that events, expected or unanticipated, may have an adverse impact on a bank’s capital or earnings. To control risk and mitigate its impact on financial performance, all banks must have systems that identify, measure, control, and monitor risks. Strong risk management systems are especially important when introducing new products or services and during economic growth or recession. Follow the links on this page for regulatory resources related to retail risk management and classification.
Detecting Red Flags in Board Reports: A Guide for Directors (October 2003)
Risk Management of New, Expanded, or Modified Products and Services (OCC 2004-20, May 2004)
Risk Management of Outsourcing Technology Services (AL 2000-12, November 2000)
Third-Party Relationships, Risk Management Principles (OCC 2001-47, November 2001)
Third-Party Risk (AL 2000-9, August 2000)
Uniform Retail Credit Classification and Account Management Policy (OCC 2000-20, June 2000), Final Notice (Federal Register, June 12 2000)