Big Banks Face Sharper Risk-Management Focus in OCC Plan
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Big banks such as JPMorgan Chase & Co. could face quicker reprimands for risk-management failures under an Office of the Comptroller of the Currency policy shift proposed today.
The national-bank regulator’s new standards remove hurdles to targeting lenders with certain enforcement actions. The 79-page proposal follows agency chief Thomas Curry’s push to clean up risk-taking at banks hit with billions of dollars in penalties over misdeeds in the wake of the 2008 credit crisis.