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OCC flags rising risks and innovation challenges in federal banking system

The Empire State Building casts a shadow as the sun rises behind the skyline of midtown Manhattan during a heat wave in New York City on June 24, 2025, as seen from Jersey City, New Jersey.
Photo: Gary Hershorn/Getty Images

The OCC’s latest risk report warns of rising fraud, cyber threats, and compliance pressures …

The US Office of the Comptroller of the Currency (OCC) has published its Spring 2025 Semiannual Risk Perspective, underscoring that the federal banking system remains fundamentally sound despite macroeconomic headwinds.

Persistent inflation, geopolitical volatility, and high interest rates have clouded the economic outlook, but the OCC highlights that innovation, particularly through