WASHINGTON — The Basel Committee on Banking Supervision has tapped Charles Taylor from the Office of the Comptroller of the Currency to chair its standards implementation group.
Taylor, the deputy comptroller for regulatory policy, will assume a prominent leadership role within the committee, the OCC said in a press release Wednesday.
"I'm very pleased that Charles can apply his more than thirty years of experience in the financial services industry to further improve the quality of banking supervision at the international level," Comptroller Thomas Curry said in the release. "Charles brings strong leadership and expertise to his new role and is well suited to chair the Basel Committee's Standards Implementation Group."
Taylor joined the OCC in 2011 after serving as director of the Financial Reform Project at the Pew Charitable Trusts.
As deputy comptroller, he oversees the formulation of OCC policy on bank capital issues, and also serves as an advisor to OCC management on other regulatory initiatives, according to his bio on the agency's website.
The standards implementation group is tasked with "promoting greater effectiveness and consistency" in implementing Basel standards, and has seven sub-groups that address the calculation of risk weights for banking and trading books, operational risks, Pillar II issues, supervisory colleges, SIB supervision and the overall implementation of Basel standards.
