Federal Register: OCC Adopts Recovery Planning Guidelines for Certain Financial Institutions

The Office of the Comptroller of the Currency ("OCC") adopted final guidelines establishing standards for recovery planning for large insured national banks, federal savings associations and federal branches. The guidelines were published in the Federal Register and will become effective on January 28, 2019.

As previously covered, the guidelines will:

• raise the average total consolidated assets threshold to apply to the guidelines from $50 billion to $250 billion;
• decrease the time banks have to comply with the guidelines from 18 months to 12 months; and
• remove outdated compliance dates.