OCC Risk Governance Framework proposal

OCC Bulletin 2014-1, issued yesterday, announced a January 27, 2014, notice of proposed rulemaking (NPR) [79 FR 4282] that would establish minimum standards for the design and implementation of a risk governance framework for large insured national banks, insured federal savings associations, and insured federal branches of foreign banks with average total consolidated assets of $50 billion or more. Comments on the proposal will be accepted through March 28, 2014.