The Office of the Comptroller of the Currency’s latest risk assessment offers a striking message for the banking industry: the U.S. financial system may appear stable on the surface, but underneath, risks are becoming more interconnected, more operationally complex, and potentially more difficult to contain.In its Spring 2026 Semiannual Risk Perspective, the OCC, one of our nation’s key bank regulators, stated that the federal banking system “remains sound and resilient.” Yet, it warns that banks face “elevated and interconnected” risks tied to commercial credit deterioration, technology disruption, cyber threats, fraud, and persistent uncertainty around interest rates and liquidity.The report reflects…