WASHINGTON – The Office of the Comptroller of the Currency has named a new head of banking supervision and a compliance and community affairs deputy.
The agency named longtime OCC official Grace Dailey as senior deputy comptroller for bank supervision policy and chief national bank examiner. Dailey is succeeding Jennifer Kelley, who is retiring from the agency after 37 years at the OCC.
The agency also named Grovetta Gardineer, formerly head of the office’s compliance risk office, as deputy comptroller for compliance and community affairs. In the newly created position, Gardineer will oversee Community Reinvestment Act compliance and have a seat on the agency’s executive council.
Comptroller of the Currency Thomas Curry said in a press release Thursday that the creation of the position is a response to the financial crisis, which taught regulators that deficiencies in compliance risk management are related to overall bank safety and soundness.
“Accordingly, we need to focus on compliance as we focus on safety and soundness,” Curry said. “They are two sides of the same coin and require dedicated staff and infrastructure to ensure the appropriate balance.”