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A Handy Wrap-Up of Recent Regulatory Developments and Action

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OCC Announces Climate Officer, Areas of Focus

As its fiscal year kicked off in October, the OCC announced its supervisory “key areas of heightened focus” for fiscal 2023.

The areas are:

  • Strategic and operational planning.
  • Operational resiliency.
  • Third parties and related concentrations.
  • Credit risk management.
  • Allowances for credit losses.
  • Interest rate risk.
  • Liquidity risk management.
  • Consumer co…
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