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The Treasury Board of Canada Secretariat (TBS; French: Secrétariat du Conseil du Trésor du Canada, SCT) is the administrative branch of the Treasury Board of Canada (the committee of ministers responsible for the financial management of the federal government) and a central agency of the Government of Canada. The role of the Secretariat is to ...
She was the nominee for comptroller of the currency before her nomination was withdrawn at her request on December 7, 2021. [3] [4] Omarova is the Beth and Marc Goldberg Professor of Law at Cornell Law School, where her work focuses on financial regulation and corporate governance. [5]
The Canadian Cabinet is arranged into several committees with varying responsibilities, but all other ones are informal structures and frequently change. Currently organized under the Financial Administration Act, [2] the Treasury Board is the only one created by law and is officially a committee of the Privy Council.
The title of comptroller is held by various government officials. The Comptroller General is the director of the Government Accountability Office (GAO), an agency founded in 1921 (as General Accounting Office) to ensure the accountability of the federal government. Banks are supervised by the Office of the Comptroller of the Currency, an ...
The Office of the Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and federal thrift institutions and the federally licensed branches and agencies of foreign banks in the United States. [2]
The Government of Canada (French: Gouvernement du Canada) is the body responsible for the federal administration of Canada.The term Government of Canada refers specifically to the executive, which includes ministers of the Crown (together in the Cabinet) and the federal civil service (whom the Cabinet direct); it is alternatively known as His Majesty's Government (French: Gouvernement de Sa ...
They are appointed by the federal government as a delegate of cabinet. Under the federal statutes governing the territories, the Commissioners act in accordance with written instructions from the cabinet or the minister responsible (currently the Minister of Indian Affairs and Northern Development).
Eventually, the role of bank examiners was formalized by the National Banking Act of 1864, which formally established the Office of the Comptroller of the Currency (OCC) as the supervisor of all banks, whether chartered by a state government as a state bank or by the federal government as a national bank. Banks began to report financial ...