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Exception Tracking Spreadsheet (TicklerTrax™)
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OCC: Key risks facing the federal banking system

Yesterday, the OCC reported the key issues facing the federal banking system in its Semiannual Risk Perspective for Fall 2022. The OCC highlighted interest rate, operational, compliance and credit risks, among the key risk themes in the report.

Highlights from the report include:

  • Bank investment portfolios have been adversely impacted by the rising rate environment resulting in portfolio depreciation.
  • Operational risk is elevated. Cyber threats continue to evolve, with threat actors continuing to target the financial services industry with ransomware and other attacks.
  • Compliance risk remains elevated as banks continue to operate in an increasingly complex environment that includes significant regulatory changes.
  • The quantity of credit risk in commercial and retail loan portfolios is moderate. Loan portfolio performance has been resilient, but signs of potential weakening in some segments warrant careful monitoring.

The report also highlights the OCC’s initiative on climate-related financial risks to the federal banking system and the OCC’s careful and cautious approach to crypto assets.

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