OCC’s Cunningham on why regulatory agencies need CROs too

The US banking supervisor has been taking a leaf out of banks’ books and putting the focus on enterprise risk management

OCC headquarters in Washington DC
OCC headquarters in Washington, DC

The financial crisis prompted soul-searching at regulators as well as financial institutions. In too many cases, inefficiency, poor risk management, weak governance and unclear organisation at major banks went unchecked because exactly the same problems existed at the watchdogs that were supposed to be overseeing them.

An independent review of the US Office of the Comptroller of the Currency's supervision of large and midsize institutions, ordered by comptroller Thomas Curry in 2013, put the OCC

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: