OCC targets large banks’ reputational risk
WASHINGTON, DC – The Office of the Comptroller of the Currency (OCC) will be paying particular attention to reputation risk management in large banking organisations, says acting comptroller of the currency, Julie Williams.
Officiating at the Conference on Bank Structure and Competition at the Federal Reserve Bank of Chicago in early May, Williams said reputation risk remains the number one threat to the banks’ market value. She said the OCC will be looking out for weaknesses in reputation risk management because it is the risk that has affected the most familiar and respected brands in the financial services business.
"We don’t look at reputation risk in isolation; we look at whether a bank has an environment for
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