On June 13, 2013, the OCC issued a booklet titled, “A Common Sense Approach to Community Banking”. The booklet was previously distributed to national banks and federally chartered thrifts, however, is now available on the OCC’s Website. The booklet is a PDF document that is 21 pages and appears to contain some very useful information for community banks. The booklet can be directly downloaded from their website.
In this booklet, the OCC focuses on three long-standing, underlying concepts:
Some of the topics discuss include the following:
If you are a Bank that is governed by the OCC, I would strongly recommend that you download and read this booklet as it is intended to help community banks and thrifts succeed.
If you are a Bank that is governed by another regulator, it wouldn’t hurt to read it too. While the examination procedures may not necessarily be the same, it is good information that they are disseminating that may benefit your Risk Assessment System and Enterprise Risk Management as well.
Senior Quality Control and Review Specialist
Sharon Geiger has 27 years banking experience, 21 of which have been involved in internal audit. She has extensive knowledge of all aspects of the banking industry, with a particular emphasis on regulatory compliance and identifying risks and controls. As QCR Specialist, she performs Quality Control Reviews to ensure all workpapers and reports are completed in compliance with the firm's standards.