PostedTuesday, November 19, 2024 at 2:21 PM
Updated11/19/2024 2:22:17 PM
Does your bank take a reactive approach to operational risk and compliance risk? If so, this approach might address issues as they arise, but the Office of the Comptroller of the Currency is concerned it could leave gaps in your ability to anticipate and mitigate future risks effectively. That’s a key takeaway from OCC’s 2025 Bank Supervision Operating Plan, which highlights the areas where the agency’s examiners will be focusing their attention over the next year. This year’s document is loaded with new references to risk management. How should the OCC’s priorities inform your bank’s operational risk and compliance management strategies going forward?