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Thursday, May 15, 2014

Comptroller Curry Discusses Federal and State Bank Supervision

Comptroller of the Currency Thomas Curry addressed key state and federal banking issues at the Conference of State Bank Supervisors in Chicago. Curry stressed the importance of “collaboration and cooperation” between the state and federal bank supervisors in order to continue repairing the damage of the financial crisis and prevent such breakdowns from happening again.

When discussing the federal and state supervisory systems, Curry attested:

I believe firmly that the nation has been better served by the two systems that provide institutions with a choice of charters than it ever could have been served by one system alone. And while our systems are different, they are also complementary. None of us has a monopoly on best practices, and we can all learn from each other.

Curry also addressed several ongoing goals of the dual banking system, including maintaining a safe and sound banking system that treats everyone fairly, improving capital standards and improving community bank supervision.

Read the full speech.

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