Latest national bank ‘risk perspective’ to be unveiled next week

Risks facing national banks in the last quarter of 2020 (and going into 2021) will be outlined Nov. 9 by the federal regulator of the institutions in a press conference, the agency said Wednesday.

In a release, the Office of the Comptroller of the Currency (OCC) said it would release its Semiannual Risk Perspective for Fall 2020 during a virtual press conference on Monday. It is scheduled to get underway at 11 a.m. ET. Acting Comptroller Brian Brooks is scheduled to participate in the event, as well as other staff from the OCC.

The report, issued about every six months, covers risks facing national banks and federal savings associations in four main areas: the operating environment, bank performance, special topics in emerging risk, and trends in key risks. It focuses on issues that pose threats to those financial institutions regulated by the OCC and is intended as a resource to the industry, examiners, and the public.

The most recent report, filed in late June, reported “key risk themes” resulting from the financial impact of the coronavirus crisis, including weak financial performance and increasing credit, operational, and compliance risks.