Comptroller Dugan Says Regulators and Industry Both Benefit From Inter-connection between Regulation and Risk Management

Basel II
GuidanceOffice of the Comptroller of the Currency (OCC)Risk Management

Comptroller of the Currency John C. Dugan told an audience of bank risk managers today that, because their goals are so closely aligned to those of the regulators, the regulations and guidance issued by the agencies can support them in meeting their firms’ objectives.

For example, he said, regulators can highlight concerns that are important to risk managers, but which others in the bank might prefer to ignore for competitive reasons. An example is the interagency guidance on non-traditional mortgages, which establishes expectations for prudent underwriting, taking into account some of the unique features and risks these products present.

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