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Collection: Semiannual Risk Perspective
OCC Reports on Key Risks Facing Federal Banking System
The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system in its Semiannual Risk Perspective for Fall 2022.
Economic growth slowed sharply in 2022, while high employment rates supported consumer spending and overall bank performance. Banks, in aggregate, remain well capitalized and with ample liquidity and sound credit quality, although macroeconomic headwinds are a concern. The OCC highlighted interest rate, operational, compliance and credit risks, among the key risk themes in the report.
Highlights from the report include:
The report also highlights the OCC’s initiative on climate-related financial risks to the federal banking system and the OCC’s careful and cautious approach to crypto assets.