As part of an ongoing effort to ensure efficient operations, the OCC yesterday announced it would consolidate bank supervision support, risk analysis and oversight of trust banks and significant service providers, creating two new supervisory units. The changes will be effective Oct. 1.
The first unit, Supervision System and Analytical Support, will combine supervisory information systems teams, data management, business intelligence, risk analysis and supervision risk management staff from other supervisory and policy units. It will be led by current Deputy Comptroller for Supervision Risk Management Bob Phelps.
The second unit, Systemic Risk Identification and Specialty Supervision, will include lead experts from large bank supervision and midsize bank supervision units, as well as teams responsible for the supervision of trust companies from the OCC’s northeastern district national trust banks team and significant service providers from its bank supervision policy unit.