Wednesday, 3 September 2014

USA: OCC publishes risk governance framework guidelines

The Office of the Comptroller of the Currency yesterday published final guidelines to strengthen the governance and risk management practices of certain large financial institutions: see here (pdf). The guidelines provide that institutions should establish and adhere to a written risk governance framework to manage and control risk-taking activities; they also provide minimum standards regarding institutions’ boards of directors in respect of the oversight of the risk governance framework.

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