U.S. Regulator Offers Banks Guidance On De-Risking Decisions

Financial institutions with a better understanding of correspondent banks’ risk profiles may be better positioned to carry on offering services and avoid de-risking, U.S. federal regulators have said.

The Office of the Comptroller of the Currency (OCC) this week has published best practice guidance for national banks and federal savings associations on how best to conduct regular assessment of the risks of correspondent accounts for foreign financial institutions.

Request a Free Trial

As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.

Take a Trial