meta_id 3021165

On March 31, 2026, the Office of the Comptroller of the Currency (OCC) announced a final rule rescinding its recovery planning guidelines for certain large insured national banks, federal savings associations, and federal branches. The rescinded guidelines previously applied to banks with at least $100 billion in average total consolidated assets and required these institutions to engage in prescriptive recovery planning activities. The OCC determined that these guidelines did little to improve banks' ability to manage through stress and instead diverted resources from core operational priorities. According to Comptroller of the Currency Jonathan V. Gould, the rescission enables supervised institutions to focus resources on serving customers and communities while maintaining appropriate risk management processes. The final rule forms part of the OCC's broader initiative to identify and eliminate unnecessary regulatory burden on financial institutions. The OCC clarified that the rescission does not affect banks with less than $100 billion in average total consolidated assets and has no impact on community banks. The agency emphasised that it continues to expect all supervised institutions to maintain appropriate risk management processes and contingency funding plans to prepare for and respond to stress events. The final rule becomes effective 30 days after publication in the Federal Register. REFERENCES: Office of the Comptroller of the Currency, "OCC Issues Final Rule to Rescind Recovery Planning Guidelines," News Release 2026-21 (March 31, 2026), available at: https://www.occ.gov/news-issuances/news-releases/2026/nr-occ-2026-21.html