Looking ahead: IFLR talks to former OCC head Keith Noreika

Author: | Published: 11 Dec 2017

In this exclusive interview, the OCC’s former acting head talks about his successor, the Consumer Financial Protection Bureau, Volcker and his future

You've were in this role for seven months, and despite being a temporary appointment you appear to have been busy. What would you say has been the highlight of your time at the OCC? I came with three objectives and I think I made substantial progress on all three. First was to restore the morale of the agency, to re-empower the boots on the ground of the supervisors here, because this is primarily a supervisory agency. I think many decisions have become very centralised in Washington, empowering the line examiners who, in my view know best what the risks are with respect to the institutions they supervise. I think it was a message shift, but also really a cultural shift, to empower those who know best to tell...


 

 

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