The Office of the Comptroller of the Currency is pulling together a new team to consider the regulatory implications of new advances in the banking sector.
In a speech delivered last Friday, OCC director Thomas Curry talked at length about various advances in financial services and the risk management challenges they are starting to pose. Curry said he is assembling a group of in-house examiners, lawyers, and policy analysts, to look at everything from what new technologies might allow, to new players offering financial technology, to new processes that might make financial services operate more efficiently.
