The Office of the Comptroller of the Currency (OCC) today requested comment on a proposal to implement structural and substantive changes to its rules governing the disclosure of OCC information.
The proposed changes are designed to improve the balance between protecting OCC confidential information from public disclosure, which is necessary for the candid information exchange between supervised entities and the OCC that underpins effective supervision, and permitting disclosure of information in limited circumstances to support economical business operations, public confidence in the financial system, and the transparency necessary to hold the agency accountable.
“The public’s understanding of, and confidence in, our supervision and banks are essential to the proper functioning of our financial system and good government,” said Comptroller of the Currency Jonathan V. Gould. “I look forward to commenters’ views on how today’s proposal would seek to effect these goals while still protecting against disclosures that could harm banks or the supervisory process.”
Comments on the attached proposal are due 60 days after the date of publication in the Federal Register.
Related Link
- Federal Register Notice (PDF)
