Supervision must be as adept at covering nonfinancial risks as financial risks. Read Acting Comptroller Hsu’s remarks on imperatives for effective supervision. https://lnkd.in/eDVZu-8M
Office of the Comptroller of the Currency
Banking
Washington, DC 69,319 followers
The OCC ensures banks operate in a safe and sound manner and provide fair access to financial services.
About us
The Office of the Comptroller of the Currency (OCC) charters, regulates, and supervises all national banks and federal savings associations. The OCC also supervises the federal branches and agencies of foreign banks. Our goal in supervising banks and federal savings associations is to ensure that they operate in a safe and sound manner and in compliance with laws requiring fair treatment of their customers and fair access to credit and financial products. The OCC is an independent bureau of the U.S. Department of the Treasury. The President, with the advice and consent of the U.S. Senate, appoints the Comptroller to head the agency for a five-year term. The Comptroller also is a director of the Federal Deposit Insurance Corporation and NeighborWorks® America. Headquartered in Washington, D.C., the OCC has four district offices to supervise the international activities of national banks. The OCC's nationwide staff of bank examiners conducts on-site reviews of national banks and federal savings associations (or federal thrifts) and provides sustained supervision of these institutions’ operations. More about the OCC is available on www.occ.gov. Information about careers with the OCC is available at careers.occ.gov OCC’s Social Media Community Guidelines: https://occ.gov/about/policies/social-media-community-guidelines.html
- Website
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https://www.occ.gov/
External link for Office of the Comptroller of the Currency
- Industry
- Banking
- Company size
- 1,001-5,000 employees
- Headquarters
- Washington, DC
- Type
- Government Agency
- Founded
- 1863
- Specialties
- Risk Management, Bank Supervision, Bank Regulation, and Economics
Locations
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Primary
Get directions
400 7th St SW
Washington, DC 20024, US
Employees at Office of the Comptroller of the Currency
Updates
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Prudent CRE loan accommodations and workouts are often in the best interest of the financial institution and the borrower. Read the OCC’s guidance to banks at https://lnkd.in/eqrzGri5
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ICYMI - Acting Comptroller Michael J. Hsu discussed technology in banking during a panel discussion at DC Fintech Week. Listen to the conversation at: https://lnkd.in/ee7sFMub
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Taking decisive action against an emerging systemic risk warrants careful thought. Read Acting Comptroller Michael J. Hsu’s remarks on how frameworks help identify and address systemic risk. https://lnkd.in/eqsUZwix
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Federal bank regulatory agencies review their regs every 10 yrs to identify those that are outdated, unnecessary or unduly burdensome. Comment on consumer protection; directors, officers & employees; & money laundering regs at https://lnkd.in/defytPrC
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The revisions to its recovery planning guidelines are part of the OCC’s effort to ensure that large banks are adequately prepared for and have developed plans to respond to the financial effects of severe stress, particularly in light of the contagion effects and systemic risks they may pose. https://lnkd.in/eCqiTCpa
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Financial Health Vital Signs are designed to support efforts by banks to understand their customers’ financial challenges, to improve product and service offerings, and to empower customers to improve their financial health. Learn more at https://lnkd.in/e6YGfTd5
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The OCC uses enforcement actions to require banks to correct deficiencies or violations and reinforce individuals’ accountability for conduct regarding the affairs of a bank. Read about the actions announced in October 2024. https://lnkd.in/e2pFvMyX
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