OCC raises asset threshold to qualify for 18-month exam cycle
The Office of the Comptroller of the Currency is hiking the asset threshold for financial institutions to qualify for the 18-month examination cycle. In accordance with the 21st Century ROAD to Housing Act, the threshold was raised to $6 billion from total assets to qualify for an 18-month on-site exam cycle. Previously, the threshold was $3 billion. So that means approximately 50 additional institutions will be eligible to extend their exam cycles from once every 12 months to once every 18 m...
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