The Office of the Comptroller of the Currency is rethinking its strategy for how it supervises Wall Street banks and deploys the examiners who work on-site at those institutions. If the plan moves forward, the number of examiners at big banks would be reduced, with top experts reassigned to industry-wide risk reviews.
As quoted in the Wall Street Journal, Comptroller of the Currency Thomas Curry said “the trick” will be striking the right balance between site-specific expertise and more systemic reviews from a central location.
