There is an increasing discussion happening around the financial regulatory community that the banking industry (the community banker specifically) is relaxing credit risk standards, and making higher risk loans from just a few years ago.
Both Thomas Curry, the Comptroller of the Currency, and Julie Blake, Assistant Deputy Comptroller commented in industry speeches that credit risk decision making has moved to the top of the OCC’s priorities. Regulatory publications have made comments that regulators are seeing an increasing risk management issue.
With these rumblings in the public sector it is important the community banks enhance their risk practices.
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