OCC’s Head of Supervision for Largest U.S. Banks Leaves Position
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Michael L. Brosnan has stepped down as chief of large bank oversight at the U.S. Office of the Comptroller of the Currency in a request that took the agency head by surprise.
Brosnan requested reassignment at the agency after supervising large banks since the 2008 credit crisis, according to an OCC statement released today. Martin Pfinsgraff will take over as acting senior deputy comptroller for large bank supervision. Pfinsgraff, a former treasurer at a unit of Prudential Financial Inc. who has been the OCC’s deputy comptroller for credit and market risk, will assume the new role next month, the statement said.