📊OCC Notice on Interagency Policy Statement for Liquidity Risk Management
Agency Information Collection Activities: Revision of an Approved Information Collection; Submission for OMB Review; 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." 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
$$$ - High
The text relates to regulatory compliance regarding liquidity risk management, which is critical for financial institutions. Business owners and executives, particularly in banks and financial sectors, must ensure alignment with these updated requirements, or risk regulatory penalties. The mention of expected practices for managing liquidity and the need for documented policies has a direct impact on operational and financial planning.