OCC OKs Heightened Standards For Large Insured National Banks

The OCC approved of a proposal for heightened standards for large insured national banks, insured federal savings associations and insured federal branches.

• To increase the average total consolidated assets threshold to $700 billion from $50 billion
  • “This recalibration would reduce regulatory burden while refocusing the guidelines on institutions whose size, complexity, and risk profile pose the greatest risk to the banking system,” read the OCC statement
• Proposed rule would not apply to community banks

To view the source of this information, click here

To contact the reporter on this story:
Andrew Mendez in San Francisco at amendez112@bloomberg.net

To contact the ...