Agencies Issue Joint Statement on Handling of Highly Sensitive Information During Bank Examinations
Why this matters
This is a coordinated policy statement from the OCC, Federal Reserve, and FDIC describing enhanced procedures for managing highly sensitive information during bank examinations. The statement introduces specific security protocols (on-site review rather than system transfer) and establishes a 72-hour notification requirement for material data breaches involving supervisory information. While not a binding final rule, it represents a formal regulatory position on cybersecurity and operational resilience practices that banks must follow during examinations. The content is informational in nature (news release) but carries concrete procedural expectations, warranting a medium significance score.
AI-generated classification rationale, not a full analysis. Verify with the original OCC source before acting. Full disclaimer.
What the OCC said
Agencies Issue Joint Statement on Handling of Highly Sensitive Information During Bank Examinations The federal bank regulatory agencies today issued a joint statement describing enhanced security procedures for review of highly sensitive information in connection with examinations of supervised banks, such as…
Extract from OCC . Read the full notice at the source for the authoritative text.
Context
Office of the Comptroller of the Currency (OCC) — Charters and supervises US national banks and federal savings associations. We track 49 updates from them.
US financial regulation is overseen by multiple agencies including the SEC, CFTC, Federal Reserve, OCC and FDIC. Browse all United States updates.
This update is classified under Technology & Cyber, Operational Resilience / Outsourcing and Banking & Credit.