Rescission of OCC Guidelines Establishing Standards for Recovery Planning by Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches

The Office of the Comptroller of the Currency (OCC) has removed its guidelines that set recovery planning standards for large insured national banks, federal savings associations, and federal branches. This change affects these financial institutions by eliminating the previous requirements for how they should prepare for financial recovery. Insurance agents should stay informed about these changes as they may impact the financial stability of institutions they work with.