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ABA: OCC Proposes Heightened Standards for Large Banks

The OCC is proposing a rule 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. The proposal also would establish minimum standards for an institution’s board of directors in overseeing the framework’s design and implementation.Read more in the ABA Dodd-Frank Tracker.