Big Bank Chiefs Must Meet Higher Standards, OCC’s Curry Says
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Heads of the biggest U.S. banks are being asked to meet higher conduct standards separate from the Volcker rule and Basel III capital requirements, said Comptroller of the Currency Thomas Curry.
The regulator of national banks said in an interview that his agency is operating by a new “internal written framework” to guide its bank supervisors and the banks’ leaders to insist on the “highest standards” in corporate governance and risk management.