Conflicts of Interest
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Banks providing asset management services may encounter a variety of actual or potential conflicts of interest. Banks acting as fiduciaries must put the interests of account beneficiaries before the interests of the bank.
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Conflicts of Interest (Comptroller's Handbook, January 2015)
Provides examiner guidance for evaluating risk management practices in place to control conflicts of interest and self-dealing
References
- OCC Bulletin 2015-3, "Conflicts of Interest: Revised Comptroller's Handbook Booklet and Rescissions" (January 14, 2015)
- OCC Bulletin 2013-29, "Third-Party Relationships: Risk Management Guidance" (October 30, 2013)
- OCC Bulletin 2010-37, "Fiduciary Activities of National Banks: Self-Deposit of Fiduciary Funds" (September 20, 2010)
- OCC Bulletin 2010-24, "Incentive Compensation: Interagency Guidance on Sound Incentive Compensation Policies" (June 30, 2010)
- OCC Bulletin 2008-5, "Conflicts of Interest: Risk Management Guidance—Divestiture of Certain Asset Management Businesses" (March 6, 2008)
- OCC Bulletin 2007-7, "Soft Dollar Guidance: Use of Commission Payments by Fiduciaries" (February 5, 2007)
- OCC Bulletin 2006-24, "Interagency Agreement on ERISA Referrals: Information Sharing Between the FFIEC Agencies and the DOL" (June 1, 2006)
- OCC Bulletin 1998-32, "Civil Money Penalties: Interagency Statement" (July 24, 1998)
Related News and Issuances
| Date | ID | Title |
|---|---|---|
| 03/06/2008 | OCC 2008-5 | Conflicts of Interest: Risk Management Guidance – Divestiture of Certain Asset Management Businesses |