WASHINGTON The derivatives czar for the Office of the Comptroller of the Currency said the banking industry is in "substantial compliance" with his agency's guidelines for the sometimes risky instruments.

Nonetheless, senior deputy Comptroller Douglas E. Harris said that his agency still found several areas in which banks could improve their records.

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.