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OCC’s ‘heightened expectations’ not for community banks, comptroller says
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Banking
Tuesday, April 15, 2014
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Earlier this year, the Office of the Comptroller of the Currency released a proposal that would formalize an enhanced set of bank governance and risk management standards that evolved in the wake of the financial crisis. While the agency said these “heightened expectations” are intended to apply to large national banks and federal thrifts, community bankers worry that their firms will be required to comply with the OCC’s guidelines. Comptroller Thomas Curry recently addressed those concerns head-on. Keep reading to find out what he had to say.
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