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OCC Releases Bank Supervision Operating Plan for Fiscal Year 2021

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The Office of the Comptroller of the Currency (OCC) released its bank supervision operating plan for fiscal year (FY) 2021.

The plan provides the foundation for policy initiatives and for supervisory strategies as applied to individual national banks, federal savings associations, federal branches, federal agencies, and technology service providers. OCC staff members use this plan to guide their supervisory priorities, planning, and resource allocations.

Supervisory strategies for FY 2021 focus on

  • credit risk management, commercial and residential real estate concentration risk management, allowances for loan and lease losses, and allowances for credit losses.
  • cybersecurity and operational resilience.
  • Bank Secrecy Act/anti-money laundering (BSA/AML) compliance management.
  • compliance risk management associated with 2020 pandemic-related bank activities.
  • Community Reinvestment Act performance.
  • fair lending examinations and risk assessments.
  • the impact of a low-rate environment and preparation for the phaseout of the London Interbank Offering Rate (LIBOR).
  • proper oversight of significant third-party relationships.
  • change management over significant operational changes.
  • payment systems products and services.

The OCC will provide periodic updates about supervisory priorities through the Semiannual Risk Perspective in the fall and spring.

Media Contact

Bryan Hubbard
(202) 649-6870

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Regulator Information

Abbreviation: OCC
Jurisdiction: United States

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