Office of the Comptroller of the Currency (OCC)
Washington, DC, USAThe OCC is an independent bureau of the United States (US) Department of the Treasury. The OCC is a prudential supervisor of the US federal banking system, which includes all national banks, federal savings associations (FSAs), and federal branches and agencies of foreign banks.
The OCC mission is to ensure that banks operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations. The agency issues regulations to implement federal banking laws. It also uses a risk-based supervision process focused on evaluating banks’ risks, identifying material and emerging concerns, and requiring banks to take corrective action when warranted.
Geographical Jurisdiction
USThe OCC charters, regulates, and supervises banks and licenses and supervises federal branches and agencies of foreign banks. The agency also has the authority to supervise services provided to banks by certain third-party entities.
✓ Guidance on the application of laws and rules to innovative business models
✓ Support with authorisation to operate in our jurisdiction
✓ Engagement with firms on regtech and suptech solutions
✓ Engagement with innovators and/or other third parties (e.g. academics, consultants and other organisations)
Focus Area
Not applicable
