Reforms so far 'do not address' roots of crisis – OCC
OCC head Thomas Curry warns that the banking sector's reforms so far have fallen short of its targets, but he praises some banks for choosing to leave high-risk business areas such as home equity loans
Thomas Curry, comptroller of the currency at the US Office of the Comptroller of the Currency (OCC), told a New York audience on November 21 that structural reforms had still not solved the problems at the root of the 2008 crisis.
"These structural reforms, while critically important, did not fully address what the OCC believes is one of the key lessons from the financial crisis: that supervisory expectations for front-line units, risk management, internal audit, and corporate governance in our
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