OCC Heightened Standards (12 CFR Part 30, Appendix D) OCCHS-1: Scope, Applicability, and Definitions of Heightened Standards

Determine scope and applicability of the OCC Heightened Standards per 12 CFR Part 30 Appendix D Section I and the OCC Heightened Standards for Large Banks final rule (effective November 2014 + revisions). The standards apply to (a) insured national banks + insured Federal savings associations + insured Federal branches of foreign banks with average total consolidated assets of USD 50 billion or more (a covered bank), (b) any insured national bank or Federal savings association the OCC notifies must comply, (c) banks below the 50 billion threshold may be voluntarily covered by their own decision or by OCC direction based on risk profile + complexity. Definitions in Section I.E apply throughout including covered bank + parent company + business line + front line unit + independent risk management + internal audit + risk + compliance risk + credit risk + interest rate risk + liquidity risk + market risk + operational risk + reputation risk + strategic risk + risk appetite + risk limit + risk profile + risk taxonomy + significant change. Communication and implementation of Standards must be documented per Section IV with phased implementation appropriate to covered bank size + complexity.