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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]
In January 2014, OCC officially received regulatory approvals to clear OTC equity index options. The launch of the OTC S&P 500 equity index option clearing services took place in April 2014. [13] On September 29, 2014, OCC and the U.S. options exchanges announced the adoption of new principles-based risk control standards.
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services.
The OCC, which regulates national banks and savings associations, has a “Who Regulates My Bank?” website. If you don’t get the answer you are seeking there, you can call the OCC Customer ...
Office of the Comptroller of the Currency (OCC): The OCC regulates national banks and federal savings associations. National Credit Union Administration (NCUA) : The NCUA oversees federally ...
The Federal Financial Institutions Examination Council (FFIEC) is a formal U.S. government interagency body composed of five banking regulators that is "empowered to prescribe uniform principles, standards, and report forms to promote uniformity in the supervision of financial institutions". [2]
The OCC regulates the big banks. As Covington explains: "During his five-year term, he led the Office of the Comptroller of the Currency (OCC) through the financial crisis and ensuing recession ...
Federally chartered thrifts are now regulated by the Office of the Comptroller of the Currency (OCC), and state-chartered thrifts by the FDIC. The final combined total for all direct and indirect losses of FSLIC and RTC resolutions was an estimated $152.9 billion.