OCC Outlines 2022 Bank Supervision Operating Plan

The OCC outlined its bank supervision operating plan for fiscal year 2022. The plan serves as guidance to staff members in their supervision of banking entities.

Among other things, the plan described the following priorities for examiners:

• "strategic and operational planning," particularly as to capital, credit loss allowances, net interest margins and earnings (the plan also describes this as "guarding against complacency");
• allowances for loan and lease losses, and allowances for credit losses;
• cybersecurity risk management and operational resilience;
• third-party relationship management and oversight;
• Bank Secrecy Act/AML and Community Reinvestment Act compliance;