A Conversation with a Regulator: What Bank Directors Need to Know
Bert Otto has been deputy controller for the central district of the Office of the Comptroller of the Currency since 1997. He is responsible for oversight of 545 community banks and federal savings associations and manages a staff of 480 employees in Chicago. He has worked for the OCC since 1973 and has supervised examiners in Peoria, Illinois; Boston; Washington, D.C.; and Syracuse, New York. What do directors need to know about the regulatory exam and when should they get involved? The first thing they need to understand is the areas that will be reviewed. It’s kind of the game...
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