- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The Office of the Comptroller of the Currency has released the latest edition of its Semiannual Risk Perspective. Key themes include: credit, operational, compliance, and interest rate risks for the federal banking system.
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The OCC has released its “Semiannual Risk Perspective,” a look at the operational, compliance, and interest rate risks likely to present themselves as top banking concerns. The report also offers risk mitigation strategies.
Testifying in both chambers of Congress last week, Comptroller of the Currency Joseph Otting discussed plans to modernize the Community Reinvestment Act, and streamline requirements under the Bank Secrecy Act.
Four federal banking regulators have joined the Treasury Department’s Financial Crimes Enforcement Network in issuing a notice of proposed rulemaking that would require financial institutions to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs.
