occ.

abbreviation

1. occasional.

2. occasionally.

3. occident.

4. occidental.

5. occupation.

Example Sentences

“Today’s decision is…proof that the OCC under my leadership does not impose blanket barriers to banks that want to engage in digital asset activities,” Comptroller of the Currency Jonathan Gould said.

Read more on The Wall Street Journal

Now, the OCC has told applicants that it will attempt to grant conditional approvals within 120 days, after which applicants must work to raise capital and build the risk-management systems necessary to obtain final approval, said David Portilla, a partner at law firm Davis Polk & Wardwell.

Read more on The Wall Street Journal

It would potentially merge the FDIC, the OCC, the nonmonetary policy parts of the Federal Reserve and the National Credit Union Administration.

Read more on Salon

Capital One was fined $80 million by the OCC in 2020 for lapses in its failure to establish what it called “effective risk assessment processes” prior to moving information technology operations to the cloud — and then failing to correct the deficiencies in a timely manner.

Read more on Los Angeles Times

“City National, and our new executive management team, are committed to resolving the matters identified in the OCC’s order as quickly as possible. Our focus will continue to be on both strengthening our infrastructure and systems to reflect a bank of our size and business model, while at the same time providing our clients with consistently outstanding banking products and services,” said the statement by Diana Rodriguez, City National’s chief communications officer.

Read more on Los Angeles Times