New approach to regulation at OCC


The agency will have fewer of its people stationed in the offices of the largest U.S. banks, instead bringing the workers back to OCC offices where they can develop a broader perspective on what may be happening in the financial system.

The move comes after Comptroller Thomas Curry - who took the reins in 2012 - brought in external consultants to review  the OCC's examination program which failed to sniff out much in the way of systemic risk ahead of the financial crisis.

This action stands in contrast to that of regulators like the FRBNY (which also whiffed on the financial crisis), which is boosting its on-site presence at banks.

ETFs: XLF, FAS, FAZ, UYG, KRE, VFH, KBE, IYF, IAI, IAT, SEF, IYG, FXO, FNCL, KBWB, RKH, QABA, FINU, KRU, KBWR, RWW, RYF, KRS, FINZ

From other sites
Comments (1)
  • 153972
    , contributor
    Comments (1268) | Send Message
     
    So the cop on the street is returning to the precinct to better understand what is happening in the city.
    28 May 2014, 03:34 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs