U.S. Regulators Seeking Data on Banks’ Attempts to Slim Down
Too big to fail? Or too big to manage? Some of the country’s largest banks are being asked to simplify their operations, in order to give regulators more accurate information about the risks these giants pose to the country’s financial system. It’s one of many initiatives proposed by the U.S. Office of the Comptroller of the Currency (OCC) since the 2010 passing of the Dodd-Frank law, meant to regulate those banks whose failure could topple the financial markets.
Click below to read the original article published in the Chicago Tribune.