The OCC is focusing on credit risk and strategic risk as the top risk priorities in its supervision of community and midsize banks, according to the agency’s Semiannual Risk Perspective report released today.

Members of the House Financial Services Committee today raised concerns about the Office of the Comptroller of the Currency’s role in encouraging de-risking -- a practice that involves a bank terminating business or correspondent relationships to avoid regulatory scrutiny.

ABA today expressed support for proposed revisions to the Federal Financial Institutions Examinations Council’s Consumer Compliance Rating System that reflect the significant regulatory, supervisory, technological and market changes that have occurred since the FFIEC adopted the existing consumer compliance evaluation process in 1980.

Bank robberies rose by 3.5 percent in 2015, according to the Federal Bureau of Investigation’s recently released Bank Crime Statistics report. Robberies accounted for 98.5 percent of covered thefts from depository institutions.

In its annual report and during its public session yesterday, the Financial Stability Oversight Council trained scrutiny on the potential risks posed by the growing use of new financial products and delivery mechanisms, including marketplace lending and distributed ledger or blockchain technology.

The OCC today opened registration for its upcoming forum on “Supporting Responsible Innovation in the Federal Banking System,” to be held June 23 in Washington, D.C.

Voluntary financial climate-related reporting was discussed at a recent Washington, D.C., meeting hosted by a task force of the Basel, Switzerland-based Financial Stability Board and attended by ABA staff.

ABA will partner with the University of Maryland’s Robert H. Smith School of Business to present a new advanced enterprise risk management professional development program designed for senior risk management professionals across the banking industry.

The Federal Reserve today proposed a rule that would establish restrictions on qualified financial contracts -- such as derivative transactions, repurchase agreements, reverse repurchase agreements, and securities lending and borrowing agreements -- of U.S. global systemically important banks and the U.S. operations of foreign G-SIBs.

The Federal Financial Institutions Examination Council last week released a new appendix to its “FFIEC Information Technology Examination Handbook.”