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The Office of the Comptroller of the Currency (OCC) have reported last December 8, 2022 in the Semiannual Risk Perspective for Fall 2022 on the key issues facing the federal banking system. Highlights from the reports include the immense impact by the rising rate environment to bank investment portfolios, issues on the increase of threats, significant regulatory changes, and looming weakening in loan portfolio performance.
How can this report be beneficial? This release by the OCC highlights risks and cautious approaches to it. The information shared is useful for federal banking systems to operate well in their respective environments, improve bank performance, and increase supervision and actions to take to address potential risks. TCFS & Associates are intent on helping financial companies to be aware of regulatory changes and assist in auditing and compliance.
Read more on the links provided below about issues on potential threats to financial institutions and what are the steps necessary to take to address those by onboarding TCFS & Associates.
Link to TCFS & Associates Onboarding Page: https://tcfsg.com/Onboard-Us
Link to the original press release by the OCC: https://www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-147.html