Skip to main content

Newsroom

March 11, 2014

OCC Pushing to Simplify Big Banks

“WASHINGTON — Since the financial crisis, regulators have pushed megabanks to simplify their legal operations in order to make them easier to seize and dismantle if they later become troubled.

“But now regulators are working to force the largest banks to rethink their legal entity regimes in an effort to improve operational efficiency.

“Until now, the effort has largely been driven by the Federal Deposit Insurance Corp. and Federal Reserve Board, both of which want banks to become more “resolvable” in an effort to end “too big to fail.”

“But the Office of the Comptroller of the Currency said last week it was also urging banks to simplify regimes on a supervisory basis and plans to share data about simplification projects with the other banking agencies.”

***

Read full American Banker article here.

In the News
Share

MEDIA REQUESTS

For media inquiries, please contact us at
press@bettermarkets.org or 202-618-6433.

Contact Us

For media inquiries, please contact press@bettermarkets.org or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact press@bettermarkets.org or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today