Comptroller of the Currency says federal agencies must work together to supervise the financial system

Comptroller of the Currency Thomas J. Curry discussed bank supervision after the financial crisis during the 49th Annual Conference on Bank Structure and Competition in Chicago today. In order to detect risks across our multifaceted and far-reaching financial system, Curry said that his office is stepping up coordination with the Federal Reserve, the FDIC and the CFPB to "develop integrated strategies for joint supervision of complex institutions and new tools to aid oversight." He also described a new "heightened expectations" program, which aims to increase standards regarding audit and risk management. For more, read Curry’s remarks.

Consumer Financial Protection Bureau, Federal Deposit Insurance Corporation, Federal Regulatory, Federal Reserve System, Office of the Comptroller of the Currency