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OCC evaluation of the factors contributing to bank failures
US Office of the Comptroller of the Currency paper identifies specific internal weaknesses that most influence a bank's failure. Also assesses primary factors that distinguish banks that fail from those that do not. Demonstrates that management and board of directors are ultimately responsible for success or failure of a bank. Highlights need for a bank to establish strong policies, controls and systems when economic conditions are good, thereby greatly increasing chances of remaining profitable when economic conditions are bad.
Publisher:
National Regulators
Release date:
Jun 1998
Type:
Consultative, discussion and issues paper
Peer:
Allowance for Loan and Lease Losses, Commercial Loan Examination Procedures , Commercial Real Estate Lending Examinations , Loan Portfolio Management , Sampling Methodologies
Topics:
Recovery and resolution, Corporate governance
Sectors:
Banking
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