The OCC today updated its Comptroller’s Handbook with a revised booklet on oil and gas exploration and production lending. The update guidance provides more detailed guidance on prudent risk management practices for banks making these types of loans and outlines regulatory expectations, with special attention to lending for upstream oil and gas businesses.
Banking sector, regulators announce joint effort to address AI risks
Banking industry and Treasury Department representatives came together at ABA's headquarters in Washington, D.C., to announce the next steps in...