Thomas J. Curry: “It is wholly unacceptable for an institution, its officers, or employees to provide false or misleading information to…”

I have been a community bank supervisor at the State and Federal level for 25 years, over 25 years, and I saw firsthand in New England the importance of community banks and their ability to help dig out of a severe recession.

The risk management culture and processes at the bank that allowed these significant trading losses to occur are completely unacceptable to the OCC.

I share your concerns about the entire process and its ability to meet its original stated objectives.

Thank you for the opportunity to discuss those provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act that reduce systemic risk and improve financial stability.