Banks Face Strict Oversight Of Risk Management Policies

Law360, New York (January 16, 2014, 6:16 PM EST) -- The Office of the Comptroller of the Currency on Thursday outlined new, sharply worded risk management policy guidelines for banks, and experts warn the agency is sure to get tough on those firms that fail to follow through on the regulator's heightened expectations.

The OCC's proposed guidelines call for more active oversight from bank boards of directors and more thought from bank management about the risks they are willing to take on. More importantly, the OCC made clear its intention to slap down any bank that runs afoul...
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