OCC governance and risk guidelines inadequate for larger banks

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Governance and risk management guidelines for large banks released last week by the US Office of the Comptroller of the Currency (OCC) lack clear guidance for the largest financial institutions, one expert says. The OCC's guidelines are part of its heightened expectations programme, which was developed after the financial crisis to strengthen the governance and risk management practices of large national banks and federal savings associations. They apply to any insured national bank, insured