OCC Releases Semiannual Risk Perspective – Warns of Covid-19 Related Increased Risk
On June 29th, the Office of the Comptroller of the Currency (OCC) released its Semiannual Risk Perspective report, finding that due to the current COVID-19 pandemic will stress institutions' financial performance this year. The report also said that compliance risk is on the rise, in part because of federal programs related to the CARES Act and [...]