New Comptroller Thomas J. Curry may raise a glimmer of hope that the Office of the Comptroller of the Currency (OCC) will "refocus the mission" of the OCC and exercise at least some "healthy skepticism" as it purports to regulate powerful national banks.
This DealBook post outlines some of the OCC's past overidentification with profitability objectives of the regulated industry which did not coincide with industry "fairness," macro-prudential risk, or ultimately with the safety and soundness of individual institutions, the industry, and the economy.
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