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Tuesday, April 19, 2016

OCC Releases Its Risk Appetite Statement

The Office of the Comptroller of the Currency last week released its "Risk Appetite Statement", which sets boundaries of acceptable levels of risk in key areas of agency operations. The statement, said Comptroller of the Currency Thomas J. Curry, is a key component to better identification, evaluation, management, and communication of risks to the agency.

Agency management and employees will use the statement to evaluate their decisions and actions during the course of overseeing national banks and federal savings associations as well as the execution of agency management functions such as human resources, procurement, and information technology.

Read the press release.