OCC soliciting input on proposed trust in banking survey
By 
Jeff Dale2023-06-12T17:59:00
The Treasury Department’s Office of the Comptroller of the Currency (OCC) announced a request for information Friday to implement an annual survey aimed at tracking public trust in banking and bank supervision.
The survey’s goal would be to understand, measure, and track public trust in banking and oversight of the industry by the OCC and other regulators. The request for information is seeking voluntary input from interested members of the public regarding the proposed survey, including:
- Financial industry participants;
- Government agencies;
- Academic and research organizations;
- Consumer advocacy and financial education organizations;
- Trade associations; and
- Financial services customers.
The OCC said in a press release it would intend to publish the results of the survey in a report, which could be used to “inform policymakers, bankers, and researchers about the trends and drivers of public trust in banking and bank supervision,” the agency said.
THIS IS MEMBERS-ONLY CONTENT
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
Related articles
-
PremiumHow will regulators’ increased scrutiny of banks play out in practice?
Federal banking regulators have indicated they will be more assertive in their supervision of mid-sized banks in the aftermath of the collapses of Silicon Valley Bank, Signature Bank, and First Republic Bank. What actions might they take?
-
News BriefOCC pledges harder stance on banks that allow weaknesses to fester
The Office of the Comptroller of the Currency could require large banks to take substantial actions to address persistent weaknesses, including restricting their growth or forcing them to divest from risky ventures.
-
PremiumLeadership, resource support key to compliance navigating bank turmoil
In sudden bank buyouts, the workload on compliance departments skyrockets as new customers are nearly instantly assumed by the purchasing bank. Experts share their take on managing the resulting risks.
More from Regulatory Policy
-
News BriefFinCEN drops BOI requirement for U.S. companies, persons
The U.S. Treasury Department’s Financial Crimes Enforcement Network issued a final interim rule that eliminates beneficial ownership information reporting obligations for U.S.-based companies and persons.
-
News BriefTrump picks Fed vice chair of supervision, aims to roll back 2023 bank protections
Federal Reserve Board member Michelle Bowman has been nominated as the board’s vice chair for supervision, a position that oversees regulation of the nation’s largest banks.
-
PremiumExperts: Companies ‘underestimate risk’ as first provisions of EU AI Act come into force
A European Union-wide ban on AI systems with “unacceptable” risk came into force on Feb. 2 as the first provisions of the EU’s AI Act took effect. Problems persist, however, over what the legislation requires and what corporate practices or uses of data may risk flouting the rules.