In a move that Comptroller of the Currency Jonathan V. Gould said is designed to “tailor supervision to bank risk profile,” the OCC will split its bank supervision and examination division into three distinct units based on bank size.

Effective October 1, three distinct lines of business will replace the Bank Supervision and Examination group:

• (1) Large and Global Financial Institutions (institutions with assets of over $500 billion and those that have a foreign parent),
• (2) Regional and Midsize Financial Institutions (institutions between $30 billion and $500 billion in asset size, and
• (3) Community Banks (institutions up to $30 billion in asset size).

Each unit will be led by a Senior Deputy Comptroller who will report to the Comptroller of the Currency. This reverses a decision earlier this year to combine supervisory functions into a single entity.

Author: sdbrownlow

Student of Design