📊OCC's Policy Statement on Liquidity Risk Management Updates
Agency Information Collection Activities: Revision of an Approved Information Collection; Comment Request; Interagency Policy Statement on Funding and Liquidity Risk Management
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 a revision to its information collection titled "Interagency Policy Statement on Funding and Liquidity Risk Management."
Agencies
- Treasury Department
- Comptroller of the Currency
Business Impact
$$$ - High
The document outlines a revision of the Interagency Policy Statement on Funding and Liquidity Risk Management, impacting compliance for financial institutions. It details recordkeeping and reporting requirements for liquidity risk, vital for business owners to ensure adherence to federal regulations and operational efficiency.