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Forum Statement on OCC’s Removal of Reputation Risk
Washington, D.C. – Financial Services Forum President and CEO Kevin Fromer issued the following statement after the Office of the Comptroller of the Currency (OCC) announced it will no longer examine its regulated institutions for reputation risk:
“We appreciate the OCC’s action to ensure bank supervision is focused on financial and other material risks. Today’s decision is an important step to create a more transparent and effective regulatory environment. We look forward to continuing to work with the Administration and Congress to identify solutions that allow America’s leading banks to continue to best serve their customers.”
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The Financial Services Forum is an economic policy and advocacy organization whose members are the eight largest and most diversified financial institutions headquartered in the United States. Forum member institutions are a leading source of lending and investment in the United States and serve millions of consumers, businesses, investors, and communities throughout the country. The Forum promotes policies that support savings and investment, financial inclusion, deep and liquid capital markets, a competitive global marketplace, and a sound financial system.
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