Operational Risk Governance and Heightened Regulatory Expectations: 5 Core Expectations

Notice of Proposed Rulemaking Gives More Details on OCC'S Expectations

The concept of heightened expectations was no surprise to banks, even before the publication of the notice of proposed rulemaking (NPR) that appeared in the Federal Register on January 27, 2014 (Volume 79, No. 17, page 4282). The OCC had been raising these issues for years. The NPR however, did provide more detail on OCC expectations. Learn about the 5 core expectations in relation to:

  • Governance and governance routines.
  • Personnel roles and responsibilities.
  • Board responsibilities.