OCC proposes amending guidelines on recovery planning standards

This story appeared in Bank Digest.                                     

The Office of the Comptroller of the Currency is proposing to amend its enforceable guidelines relating to recovery planning standards for insured national banks, insured federal savings associations, and insured federal branches to increase the average total consolidated assets threshold for applying the guidelines from $50 billion to $250 billion. The proposed rule would also decrease from 18 months to 12 months the time within which a bank should comply with the guidelines after the bank becomes subject to them and would make technical amendments to remove outdated compliance dates. Comments on the proposed rule must be received by Nov. 5, 2018.