“The Office of the Comptroller of the Currency (OCC) issued today the “Litigation and Other Legal Matters” booklet of the Comptroller’s Handbook. This revised booklet replaces the booklet of the same title issued in February 2000. The revised booklet provides guidance to examiners assessing a bank’s litigation exposures, associated risks, and risk management practices. The “Litigation and Other Legal Matters” booklet

• provides guidance to examiners in identifying risks directly associated with potential or pending litigation and other legal matters, along with related risk factors.
• establishes supervisory expectations for managing legal risk.
• includes expanded examination procedures to assess the quantity of risk and quality of risk management.”