OCC Advances Community Bank Comeback, Reduces Exam Burden for Smallest Institutions
The Office of the Comptroller of the Currency today published an interim final rule that raises the asset threshold for certain supervised institutions with less than $6 billion in total assets to qualify for an 18-month on-site examination cycle, pursuant to the 21st Century…
The Office of the Comptroller of the Currency today published an interim final rule that raises the asset threshold for certain supervised institutions with less than $6 billion in total assets to qualify for an 18-month on-site examination cycle, pursuant to the 21st Century…
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Why it matters
The OCC's interim final rule easing exam frequency for smaller community banks marks a significant regulatory adjustment that could improve operational efficiency and credit availability in this important sector, with broad implications for community banking practices and regulatory burden.
Sources
OCC
OCC Advances Community Bank Comeback, Reduces Exam Burden for Smallest Institutions
The Office of the Comptroller of the Currency today published an interim final rule that raises the asset threshold for certain supervised institutions with less than $6 billion in total assets to qualify for an 18-month on-site examination cycle, pursuant to the 21st Century…