Risk-Focused Bank Examinations: Regulators of Large Banking Organizations Face Challenges

Pursuant to a congressional request, GAO provided information on the risk-focused approaches used by the Federal Reserve and Office of the Comptroller of the Currency (OCC), focusing on: (1) the general characteristics of the regulators' risk-focused approach to examinations of large, complex banks, explaining how they differ from past examination practices; (2) comparing the implementation of the Federal Reserve's and OCC's risk-focused examination approaches; and (3) the challenges faced by both agencies as they continue to implement their examination programs for large, complex banks.