A proposed rule to modify the process for getting agency approval to disclose its non-public information, and allow the disclosure of confidential supervisory information (CSI) without agency approval, was announced Monday by the national bank regulator.
The Office of the Comptroller of the Currency (OCC), in a release, said the proposed changes are meant to improve the balance between protecting the agency’s confidential information and allowing disclosure in limited circumstances “to support economical business operations, public confidence in the financial system, and the transparency necessary to hold the agency accountable.”
In its Bulletin 2026-37, also issued Monday, the OCC said the proposed changes include:
- establishing a new subcategory of OCC nonpublic information to be called “confidential supervisory information.”
- modifying the prior approval requirement for supervised entities to disclose CSI by expanding information sharing exceptions for the purposes of business efficiency, government accountability, and supervisory coordination and establishing appropriate and tailored safeguards around these expanded exceptions.
- providing for the release of certain aged CSI.
- clarifying the OCC’s position on referrals for criminal prosecution for the unauthorized disclosure of OCC information.
- providing for expedited processing of Freedom of Information Act (FOIA) requests.
- establishing procedures for a requestor to appeal a denial of an expedited processing or fee waiver request.
- combining current subparts B and C into one streamlined subpart.
Comments on the proposal will be due 60 days after its publication in the Federal Register.
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