The Office of the Comptroller of the Currency is consolidating bank supervision support, risk analysis, and oversight of national trust banks and significant service providers into two new units.
The move involves the realignment of about 150 staff members. The changes will take effect Oct. 1.
The first unit, Supervision System and Analytical Support, will pull together supervisory information system teams, data management, business intelligence, risk analysis and supervision risk management staff from other OCC supervisory and policy units. The team will provide support across the agency and provide broad national perspective to the agency's work. Deputy Comptroller for Supervision Risk Management Bob Phelps will head this new unit.
The second unit, Systemic Risk Identification Support and Specialty Supervision, will bring together experts from Large Bank Supervision and Midsize Bank Supervision, as well as teams responsible for the supervision of trust companies from the Northeastern District National Trust Banks group and service providers from Bank Supervision Policy.
Both new units will report to the COO, but the OCC's Committee on Bank Supervision will provide strategic direction and oversight to both units and will review and approve strategic plans and initiatives, annual business plans or operating plans, and major projects and initiatives.
The OCC noted that its Midsize and Community Bank Supervision and Large Bank Supervision units will retain primary responsibility for overseeing the banks, savings associations and federal branches and agencies of foreign banks that compose the federal banking system.