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Wednesday, September 10, 2014

Curry Testifies on Dodd-Frank Implementation

Comptroller of the Currency Thomas Curry discussed implementation of the Dodd-Frank Act to improve the safety and soundness of national banks and federal savings associations and enhance consumer protection.
Requiring higher supervisory standards for the largest and most complex banks we oversee is consistent with the Dodd Frank Act’s broad objective of strengthening the stability of the financial system. These heightened standards address the need for comprehensive and effective risk management; an engaged board of directors that exercises independent judgment; a more robust audit function; talent development, recruitment and succession planning; and a compensation structure that does not encourage inappropriate risk taking.
Read Curry's prepared remarks.

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