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US OCC rescinds Biden administration recovery guidelines for large banks

By Neil Roland ( March 31, 2026, 19:43 GMT | Insight) -- Biden administration recovery guidelines for large banks have been rescinded by the US Office of the Comptroller of the Currency, which cited the elimination of “unnecessary regulatory burden” and objected to much of the recovery planning documentation as “scenario-dependent or otherwise conjectural.” Separately, Federal Reserve Governor Lisa Cook, said that scenario analysis “has proven to be a powerful mechanism for assessing financial stability.”The US Office of the Comptroller of the Currency has rescinded Biden administration recovery guidelines for large banks, citing the elimination of “unnecessary regulatory burden.”...

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