OCC Revises Policy and Procedures for Handling “Matters Requiring Attention”
The Office of the Comptroller of the Currency ("OCC") revised its policy and procedures for handling Matters Requiring Attention ("MRA") that result from OCC examinations of supervised institutions. MRAs communicate specific supervisory concerns identified previously by the OCC during examinations, in writing, to boards and management teams of regulated institutions. An MRA must receive timely and effective corrective action by bank management and a follow-up by OCC examiners.
The revised OCC guidance highlights changes to MRA policy and procedures that have been incorporated into the "Bank Supervision Process," "Large Bank Supervision," "Community Bank Supervision" and "Federal Branches and Agencies Supervision" booklets of the Comptroller's Handbook and internal guidance. In particular, the guidance standardizes MRA terminology, format, follow-ups, analysis and reporting across the agency.