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WASHINGTON The Office of the Comptroller of the Currency has tightened up the process it uses to document and track banks that are flagged by examiners for having problems.
October 30 -
Comptroller of the Currency Thomas Curry told a room full of state commissioners Wednesday that regulators need to "step up their game" rather than get caught up in competition between state and federal agencies.
May 14 -
The Office of the Comptroller of the Currency said Wednesday it will begin rotating out resident examiners in the largest banks as part of a slew of internal changes it plans to make later this year based upon suggestions made by foreign supervisors.
May 28
WASHINGTON The Office of the Comptroller of the Currency named senior bank examiner Linda Cunningham as its first chief risk officer on Wednesday.
As the CRO, Cunningham will lead the Office of Enterprise Risk Management and will be in charge of defining the agency's view of risks and determining how it is measuring up to the agency's risk appetite statement.
The Office of Enterprise Risk Management was created as part of a number of actions announced last year after the OCC, Federal Deposit Insurance Corp., Federal Reserve Board and bank regulators from Australia, Canada and Singapore participated in a peer review to help improve bank supervision.
"We created the Office of Enterprise Risk Management and established a CRO position to enhance the OCC's ability to identify, evaluate, and manage risks to the agency," Comptroller of the Currency Thomas Curry said in a statement.
In her role, she will also lead the Enterprise Risk Committee and participate on the National Risk Committee as well as other meetings related to the agency's risk perspective. She will report directly to Comptroller Curry.
Cunning is a senior national bank examiner and has served as the examiner-in-charge at some of the largest and most complex financial institutions, a statement from the OCC said. She also participated in the 2013 International Peer Review.
