Tagged: Comptroller of the Currency

To bank regulator stepping down

In a surprise announcement, Comptroller of the Currency John Dugan (r.) says he will step down next month as the top U.S. bank regulator.  Appointed by President George Bush, Dugan was instrumental in shaping the “stress tests” for the largest financial institutions, but often sparred with FDIC Chairwoman Sheila Bair about consumer matters.  Former Federal Reserve […]

Slowing financial regulatory reform

Reports say the Obama administration is cooling on the idea of seeking a swift, major reduction in the regulatory agencies overseeing the financial system.   Former Deputy Comptroller of the Currency Robert Bench, now senior fellow at the School of Law’s Morin Center for Banking and Financial Law, says it’s smarter to set priorities.  “This is absolutely […]

FDIC pushing shake-up at Citi

The FDIC is reportedly urging a major shift in Citigroup’s executive lineup, including moving CEO Pandit to get more commercial-banking experience at the top of the bailed-out former investment firm.  Citi’s other regulators (the Fed and OCC) may not agree.  School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial […]

Single bank regulator eyed

The Obama administration is reportedly close to recommending creation of a single agency to regulate banking  as a keystone to an overhaul of the entire financial regulatory system.  From the School of Law ‘s Morin Center for Banking and Financial Law both Professor Cornelius Hurley, a former Federal Reserve counsel, and Robert Bench, former deputy Comptroller of […]

Small banks also facing big losses

Former deputy Comptroller of the Currency Robert Bench, now senior fellow at the School of Law’s Morin Center for Banking and Financial Law, says it’s no surprise a Wall Street Journal survey shows more than 900 mid-and small-sized banks could generate losses of $100 billion on commercial real estate loans by the end of 2010. […]