Exposure to rising corporate debt -- including bonds and loans -- was among several key risk themes identified by the OCC in its semiannual risk report released today.

Noting that economic indicators are exceptionally positive, the Treasury’s Office of Financial Research flagged market risk, credit risk and cybersecurity as high or moderate concerns in its annual financial stability report today.

Since the Federal Housing Finance Agency launched a credit risk transfer program for GSEs Fannie Mae and Freddie Mac in 2013, the enterprises have transferred $81 billion in credit risk to private investors, amounting to about 3.2 percent of $2.5 trillion in unpaid principal balance, the FHFA said today.

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.

Uncertainty around how bank deposits will reach to a rising interest rate environment was among several key risk themes identified by the OCC in its Semiannual Risk Perspective report released today.

Signaling a significant shift in the OCC’s approach to small-dollar lending, the agency today issued a bulletin encouraging banks to make “responsible short-term, small-dollar installment loans, typically two to 12 months in duration with equal amortizing payments” to help meet the credit needs of their customers. 

Only about one in 10 banks can be considered at “high” credit risk, according to the FDIC’s most recent credit survey -- down from 42 percent in 2010, when banks were working through a backlog of bad loans.

An ABA Banking Journal special report

Cyber, third parties and regulatory changes continue to top the list.

In a letter to the FDIC today, ABA called on the agency to rescind its 2013 guidance on direct deposit advance services.