NEW ORLEANS -- Managerial lapses within banks are causing delays in compliance with regulatory guidelines for sales of investment products, according to a senior regulator of national banks.

"There are some pauses as people wait to see who within the bank is going to take care of it," said Owen Carney, senior adviser at the Office of Comptroller of the Currency.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.