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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2023-06-12T17:59:00
The Treasury Department’s Office of the Comptroller of the Currency (OCC) announced a request for information Friday to implement an annual survey aimed at tracking public trust in banking and bank supervision.
The survey’s goal would be to understand, measure, and track public trust in banking and oversight of the industry by the OCC and other regulators. The request for information is seeking voluntary input from interested members of the public regarding the proposed survey, including:
The OCC said in a press release it would intend to publish the results of the survey in a report, which could be used to “inform policymakers, bankers, and researchers about the trends and drivers of public trust in banking and bank supervision,” the agency said.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
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2023-06-12T13:00:00Z By Aaron Nicodemus
Federal banking regulators have indicated they will be more assertive in their supervision of mid-sized banks in the aftermath of the collapses of Silicon Valley Bank, Signature Bank, and First Republic Bank. What actions might they take?
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The Office of the Comptroller of the Currency could require large banks to take substantial actions to address persistent weaknesses, including restricting their growth or forcing them to divest from risky ventures.
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In sudden bank buyouts, the workload on compliance departments skyrockets as new customers are nearly instantly assumed by the purchasing bank. Experts share their take on managing the resulting risks.
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Dr. Mehmet Oz, President-elect Donald Trump’s pick to lead the Centers for Medicare and Medicaid Services, has a mandate from Trump to “take on the illness industrial complex” and to cut costs.
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Securities and Exchange Commission Chair Gary Gensler will step down from his position as the top U.S. regulator of Wall Street when Donald Trump is sworn in as president on Jan. 20, ending weeks of speculation about his future.
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President-elect Donald Trump announced he plans to appoint Cantor Fitzgerald President and CEO Howard Lutnick to lead the U.S. Commerce Department, as the incoming administration is expected to charge import tariffs against friends and foes.
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