OCC cautions banks to monitor compliance consultants

11/12/2013 | AmericanBanker.com (free registration)

Banks that hire independent consultants to help them with compliance issues must ensure that the work is monitored and is acceptable to regulators, says the Office of the Comptroller of the Currency in new standards released Tuesday. The OCC says that using such a consultant "does not absolve" bank managers and directors of their responsibilities.

View Full Article in:

AmericanBanker.com (free registration)

Published in Briefs: