On September 18, the OCC announced a new organizational structure for bank supervision, effective October 1, replacing its Bank Supervision and Examination group with three lines of business. The new lines of business will be “Large and Global Financial Institutions” (institutions with over $500 billion in assets or a foreign parent company), “Regional and Midsize Financial Institutions” (institutions with $30–500 billion in assets), and “Community Banks” (institutions with less than $30 billion in assets). Each will be led by a senior deputy comptroller who will report to the comptroller of the currency.

The agency also restructured the Office of the Chief National Bank Examiner into five subdivisions, segregated into the following verticals: (i) Supervision Systems and Analytical Support; (ii) Credit Risk; (iii) Compliance and Operational Risk; (iv) Economics; and (v) Capital, Market Risk and Asset Management. Additionally, the Office of Financial Technology will report directly to the Chief National Bank Examiner. Comptroller Jonathan Gould said the reorganization comported with the OCC’s “historic risk-based supervision approach” and aimed to “tailor supervision to bank risk profile,” improve examiner resource management, and support examiner development.