Finance & markets · 10/06/2014

OCC Proposes Integration of National Bank and Federal Savings Association Regulations

The Office of the Comptroller of the Currency (OCC) is proposing to merge its rules governing corporate activities and transactions involving national banks and federal savings associations, aiming to simplify requirements while maintaining safety and soundness, and make technical adjustments to conform to new regulations. The OCC also plans to update its rules for organizational structure and functions.