Situation Overview: The Office of the Comptroller of the Currency (OCC) finalized revisions to Recovery Planning Guidelines, which substantively change the scope and expectations for recovery plans.
The original Guidelines were issued on September 26, 2016, in response to the 2008 financial crisis. The OCC issued the Guidelines under the view that advance recovery planning would reduce the risk ...
Key Insight: The Office of the Comptroller of the Currency will rescind many rules governing large banks' recovery plans, continuing a broader trend among financial regulators toward reducing ...
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