WASHINGTON — The Office of the Comptroller of the Currency has created a new position tasked with developing compliance protocols and enforcing bank supervision policies.
Beverly F. Cole will become the OCC's first deputy comptroller for compliance supervision in July, the agency announced Wednesday. Her role will also include putting in place examination strategies and schedules.
Cole, now a senior adviser to the senior deputy comptroller for midsize and community bank supervision, will report to Grovetta Gardineer. In March, Gardineer became the agency's first senior deputy comptroller for compliance and community affairs.
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Cole "is committed to ensuring national banks and federal savings associations comply with applicable laws and regulation," Comptroller of the Currency Thomas Curry said in a statement. "She understands that compliance goes hand-in-hand with safety and soundness as well as banks' ability to provide equal access and fair treatment to their customers."
