OCC Flags Supervision Priorities for 2019

The OCC today released its bank supervision operating plan for fiscal year 2019, identifying what each of the agency’s supervisory operating units will focus on for the new federal fiscal year starting on Oct. 1. Overall, as in the prior year, the OCC will develop supervisory strategies for cybersecurity and operational resiliency; commercial and retail credit underwriting and concentration risk management; and Bank Secrecy Act compliance management and change management due to new regulations.

The agency added a new risk focus: monitoring internal controls and end-to-end processes for how banks deliver products and services, as well as how they implement of new products and strategic partnerships. The 2019 plan does not include a focus from the prior year on business model sustainability and strategy changes.