Risk USA: US regulators “scared to death” by eurozone debt crisis
The sovereign debt crisis is a concern, but direct US bank exposure is manageable, says senior OCC official
US supervisors are growing increasingly alarmed by the European sovereign debt crisis, with one senior regulator at the Office of the Comptroller of the Currency (OCC) stating his agency is "scared to death" by events unfolding on the other side of the Atlantic.
Speaking on a panel at the Risk USA conference in New York this morning, Michael Brosnan, senior deputy comptroller for large bank supervision at the OCC, said US regulators are increasingly worried about events in Europe - which most
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