Comments due on OCC recovery planning guidelines proposal

The OCC has published [83 FR 47313] a notice of proposed rulemaking in today's Federal Register that would amend its enforceable guidelines relating to recovery planning standards for insured national banks, insured federal savings associations, and insured federal branches (Guidelines) to increase the average total consolidated assets threshold for applying the Guidelines from $50 billion to $250 billion. The proposed changes would also decrease from 18 months to 12 months the time within which a bank should comply with the Guidelines after the bank becomes subject to them. Finally, the proposal would make technical amendments to remove outdated compliance dates. Comments on the proposal are due by November 5, 2018.