Office of the Comptroller of the Currency (OCC)
OCC governance and risk guidelines inadequate for larger banks
Agency fails to differentiate requirements for largest banks
JP Morgan finally paying cost for unethical behaviour, expert warns
JP Morgan's fourth-quarter loss highlights reputational impact of scandals
JP Morgan fined $920m over 'woefully deficient' London Whale controls
UK and US authorities fine bank over $6.2 billion trading losses in July 2012
Still no end in sight for US banks' parallel run
Overtaken by events
OCC's DuChene warns smaller banks to beware of cyber threat
As cyber threats continue to grow for financial institutions, it’s no surprise that regulators are becoming increasingly concerned about the operational risks they give rise to. The OCC’s Carolyn DuChene talks to OpRisk about banks’ increased reliance on…
Standardised global regulatory approach creates concentration risk
Current regulatory approach makes further financial crises as "certain as the amen in the church"
OCC warns of cyber threat to community banks
Regulator tells community banks to ensure threat is fully understood
The OCC’s Levonian on stress-testing
Stress-testing has become a vital tool for financial institutions and regulators, says the OCC’s senior deputy comptroller for economics
Vendor risk a growing concern for regulators
Vendor agenda
BNY Mellon, Goldman Sachs facing July swaps push-out deadline
Firms are among seven banks that will be subject to section 716 of the Dodd-Frank Act unless Federal Reserve gives relief
OpRisk North America 2013: video
Highlights from this year's OpRisk North America conference
Editorial: Operational risk in the regulatory spotlight
Attracting attention
OpRisk North America: Confusion remains between trading book and banking book definitions
International definitions of banks' trading book and banking book still woolly, keynote speaker Charles Taylor tells conference
OCC deputy urges banks: take resolution planning seriously
Banks need to implement resolution planning throughout their framework, regulator tells convention
Bank capital models need more consistency: OCC's Pasch
Regulators planning follow-up to trading book study that revealed huge variation in modelled RWA numbers
Changing hats – March 2013
Changing hats – March 2013
JP Morgan report confirms RWA reduction led to CIO loss
A misguided plan to reduce Basel 2.5 RWAs and a series of management failures combined to leave JP Morgan’s chief investment office with a $6 billion loss, the bank finds
No penalties for JP Morgan over $6 billion risk management failure and AML shortfalls
US regulators issue penalty-free consent orders, while the FSA promises investigation
OCC denies swaps push-out protection to non-US banks
Foreign banks have until July to push out derivatives activities after OCC guidance repeats Dodd-Frank drafting mistake
Section 716: The do-nothing approach
The do-nothing approach
US banking reports put compliance in the spotlight
Standard Chartered and HSBC attract attention for compliance failures
JP Morgan loss was bungled attempt to cut Basel III RWAs, says Dimon
Loss-making unit's RWAs would have tripled under Basel III, JP Morgan chief executive says - but attempting to cut capital burden made its hedges more complex
US and EU banks face different Basel III floors
Regulators propose overhaul of US capital framework in long-awaited response to Basel III and Basel 2.5 - but there are differences to the European version of the rules