Cybersecurity and “operational resiliency” lead the list of strategies to be addressed for national bank regulation in 2018, according to the supervision operating plan released by the Office of the Comptroller of the Currency (OCC) Thursday (Sept. 28).
The plan, released before the beginning of each fiscal year, is aimed at providing the foundation for policy initiatives and supervisory strategies for regulating national banks, OCC stated in a release. Other top strategies of the agency’s plan for 2018 include:
- Commercial and retail credit loan underwriting, concentration risk management, and the allowance for loan and lease losses
- Business model sustainability and viability and strategy changes
- Bank Secrecy Act/anti-money laundering (BSA/AML) compliance management
- Change management to address new regulatory requirements
The agency stated that its staff uses the plan to guide its supervisory priorities, planning and resource allocations.