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The Office of the Comptroller of the Currency provided guidance on how the OCC's supervisory approach and processes are applied to the asset management activities of national banks.

A bank settled parallel SEC and Federal Reserve Board charges for (i) extending lines of credit to affiliates of the bank's CEO without the majority approval of its board, (ii) failing to disclose related party loans in annual reports and proxy statements, and (iii) issuing materially misleading statements.