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Thursday, December 4, 2014

Comptroller Discusses Federal Branch and Agency of Foreign Bank Supervision

Comptroller of the Currency Thomas J. Curry discussed the OCC’s approach to supervising federal branches and agencies of foreign banks. He spoke during an event with the International Bankers Association of California and the National Association of Chinese American Bankers. Curry stated:

At the OCC, we believe every bank or thrift is unique and so we don’t apply a one-size-fits-all approach to the institutions we supervise. Instead, we take account of each individual institution’s own business strategy and market. Large banks are very different from small institutions, and our approach to each is quite different.

Read the speech.

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