OCC Releases Semiannual Risk Perspective – January 2017

The Office of the Comptroller of the Currency's National Risk Committee, which is tasked with monitoring the overall condition of the federal banking system and any emerging threats to the system's safety and soundness, released its "Semiannual Risk Perspective for Fall 2016" on January 5. Using data from the first half of 2016, the publication identifies and discusses certain issues posing threats to the safety and soundness of banks – specifically national banks and federal savings associations but applicable to all financial institutions – and their compliance with applicable laws and regulations.

Four Key Risk Themes

Noting that the key issues facing banks are largely similar to those addressed in the Committee's most recent edition, the report sets forth four "Key Risk Themes", including: