09.19.25

OCC Reverts to Tiered Bank Supervision

by: Ebrima Santos Sanneh

The U.S. Office of the Comptroller of the Currency (OCC) will revert to a tiered bank supervision system, reversing its April decision to consolidate oversight under one unit. Starting Oct. 1, the OCC will create three supervision groups for large/global banks, regional banks and community banks, each led by a senior deputy comptroller. Comptroller Jonathan Gould said the realignment tailors oversight to banks’ risk profiles and improves examiner development. Community banks welcomed the change, with the Independent Community Bankers of America praising it as recognition of their distinct business models. The OCC will also expand the chief national bank examiner’s office into five specialized divisions.

Read the full article on American Banker