From the course: Economics for Business Leaders

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Watch the OCC and FDIC for critical warnings

Watch the OCC and FDIC for critical warnings

From the course: Economics for Business Leaders

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Watch the OCC and FDIC for critical warnings

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- Senior leaders don't just watch regular economic reports. They also watch out for regulatory notices, warnings and reports as well, especially those that could serve as a canary in the coal mine for the entire economy. This is why business leaders need to watch for the Shared National Credit Report from the U.S. Office of the Comptroller of the Currency, otherwise known as the OCC. Since 1977, the OCC has been tasked with assessing risk in the largest and most complex debt obligations shared by multiple financial institutions. And the Shared National Credits Report digs into these topics and associated risks. When there are major problems associated with debt and credit that could impact the entire economy, it's not uncommon that there might be a joint warning issued by the OCC in conjunction with the U.S. Federal Reserve, the central bank of the United States, as well as the FDIC, the Federal Deposit Insurance Corporation…

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