Also speaking to bankers in Charlotte, Comptroller of the Currency Jonathan Gould said his focus as a banking regulator is to correct regulatory overreach, reset risk tolerance, and take a more measured approach to supervision.

“One of the things that really shaped me was the reaction among certain policymakers and the kind of broad-brush vilification of the industry that occurred post-2008, which was, I think, wildly inappropriate,” Gould said. “And this led to a lot of bad supervision and regulatory policy over the following 17 years. So one of the most important things that I can do is reset that risk tolerance and take a much more thoughtful approach, rather than a merely reactionary approach, to regulation and supervision.”

Gould also highlighted the agencies work to reduce assessments by 30% for banks with assets less than $40 billion and to restore a dedicated supervisory group for these banks.

Author: sdbrownlow

Student of Design