Topic: Office of the Comptroller of the Currency

OCC clears Flagstar-NYCB merger amid suggestions of regulatory arbitrage

Two large US banks have gained the first green light for their long-planned merger, after altering their application structure from a state to a national bank charter – a strategy that has prompted complaints of “regulatory arbitrage”.

03 November 2022

Skeuomorphism and the “gold rush vibe”: OCC’s Hsu expands on crypto caution call

Calls to bring crypto “within the regulatory perimeter” should be careful to tame, not accommodate, the new technology, the United States’ acting comptroller of the currency Michael Hsu has warned his fellow regulators.

18 October 2022

OCC’s 2023 plan focuses on bank readiness for emerging risks

Climate and geopolitical risk dominate the Office of the Comptroller of the Currency supervision plans for 2023, as the regulator calls on its examiners to ensure banks are ready for emerging risks.

11 October 2022

“It’s a little bit of a journey”: the road to climate transition

Panellists from two of the US’ largest regulators discussed the challenges of a US$150 trillion climate transition with representatives of the US Treasury and Goldman Sachs at the Bank Policy Institute-The Clearing House’s annual conference in New York.

15 September 2022

OCC hires New York DFS climate chief

The Office of the Comptroller of the Currency has named Yue Chen, who headed the New York financial regulator’s climate initiatives for two and a half years, to lead its newly-created climate risk office.

14 September 2022

Warren urges OCC to rescind crypto guidance

The US Office of the Comptroller of the Currency should rescind its guidance opening the door to banks’ crypto activities, according to a new push by a quartet of Democratic senators, shortly after banking groups called for a larger role for the industry within crypto innovation.

15 August 2022

OCC’s Hsu calls for bank merger policy reform

The United States’ Office of the Comptroller of the Currency will review its approach to bank mergers, its acting head has said, giving his ideas on what such a review may look like after President Joe Biden’s order to regulators to prioritise a bank merger policy change.

11 May 2022

US supervisors to expand CRA to digital banks

A trio of the United States’ federal regulators have jointly released proposals to update their implementation of the Community Reinvestment Act, ensuring that digital banks are caught in the net and detaching evaluations from branch networks.

09 May 2022

Biden’s pick for Fed supervisor: how will industry react?

Michael Barr is the White House’s latest nominee for the Federal Reserve’s vice-chair for supervision, but practitioners say his views on the role of climate change in financial regulation may not be so different from ex-nominee Sarah Bloom Raskin’s.

20 April 2022

Better together? The future of US bank mergers

The bank merger framework in the United States is under the microscope for the first time in years, after President Biden announced an executive order that could have a lasting effect on how banks conduct business. But what would overhauling the merger framework actually look like?

19 April 2022

Unlock unlimited access to all GBRR content