The Office of the Comptroller of the Currency today released its bank supervision operating plan for fiscal year 2023. The four-page document provides the foundation for policy initiatives and supervisory strategies as applied to individual national banks, federal savings associations, federal branches, federal agencies and technology service providers. The OCC staff uses the plan to guide supervisory priorities, planning and resource allocations.
ABA urges lawmakers to lift regulatory barriers to bank merger, de novo formation
Narrow supervisory standards, inconsistent approval timelines and other regulatory impediments are limiting new bank formation and leading to further consolidation in the financial sector, ABA said.