📊OCC Notice on Market Risk Information Collection Renewal
Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Market Risk
Summary
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled, "Market Risk." The OCC also is giving notice that it has sent the collection to OMB for review.
Agencies
- Treasury Department
- Comptroller of the Currency
Business Impact
$$ - Med
The content details requirements for national banks and Federal savings associations regarding market risk information collection, which directly impacts their compliance and regulatory obligations as well as capital adequacy measures. Business owners and executives must ensure adherence to these evolving regulatory requirements.