OCC urges banks to match risk appetite with internal control capabilities
The Office of the Comptroller of the Currency (OCC), the primary supervisor of US national banks, has urged banks to match risk appetites with internal control capabilities.
“We have discovered that in some cases, banks' risk appetites are not matched by corresponding enhancements to their internal control capabilities. For those banks that have fallen behind, it's time those capabilities are rebuilt to ensure they are to the demands of the new Basel II capital regime, with its emphasis on accurate and timely internal credit ratings,” said Williams.
Williams told the Bank Administration Institute in New York that the OCC was concerned that risk management
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