OCC's Curry to Lead Council of Bank Regulators

WASHINGTON — An interagency council of bank regulators that develops joint supervisory policy announced Monday that Comptroller of the Currency Thomas Curry will serve a two-year term as chairman.

Curry will lead the Federal Financial Institutions Examination Council until March 31, 2015. The council is led on a rotating basis by principals of its member agencies. The council's six voting members include the head of the Office of the Comptroller of the Currency, a governor on the Federal Reserve Board, the chairman of the Federal Deposit Insurance Corp., the director of the Consumer Financial Protection Bureau, the chairman of the National Credit Union Administration and a representative for state bank regulators.

Curry replaces Debbie Matz, who is head of the NCUA, as FFIEC chairman and becomes the fifth OCC official to lead the council. Daniel Tarullo, a governor on the Fed board, was also named to a two-year term as vice chairman of the FFIEC.