WASHINGTON — The Office of the Comptroller of the Currency has finalized its long-awaited risk management guidelines for larger banks known as the agency's "heightened expectations," but the implementation deadline will vary based on an institution's size.

The guidelines, which have been a part of OCC examinations in one form or another since the crisis but were made formal on Tuesday, establish procedures for banks to develop risk management programs and make boards of directors responsible for overseeing risk governance.

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