Oct 23, 2009· OCC-2009-0013-0018
Filed on regulations.gov — full text not in the inline record.
OCCNonrulemakingOCC-2009-0013
Proposed Correspondent Concentration Risks
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American Bankers Association filings
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American Bankers Association filed 2 comments on this docket between Oct 15, 2009 and Oct 23, 2009. 0 other organizations filed here.
What American Bankers Association filed (2)
Oct 15, 2009· American Bankers Association - Request to Extend Comment Period· OCC-2009-0013-0003
Filed on regulations.gov — full text not in the inline record.
Abstract
The FDIC, Board, OCC, and OTS (the Agencies) request comment on proposed guidance on correspondent concentration risks (Proposed Guidance). The Proposed Guidance outlines the Agencies' expectations for financial institutions with respect to identifying, monitoring, and managing correspondent concentration risks between financial institutions, and performing appropriate due diligence on all credit exposures to and funding transactions with other financial institutions. The Agencies expect financial institutions to identify, monitor, and manage the totality of the institution's aggregate credit and funding exposures to other institutions on a standalone basis, and take into account exposures to other institutions' affiliates. In addition, the institution should be aware of exposures of its affiliates to other institutions and their affiliates.
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