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Bank Enforcement Actions Fell in 2013, Says OCC
By Kira Zalan
printThe number of enforcement actions issued annually by the top regulator of large U.S. banks declined in 2013, according to a semiannual report on risk published Wednesday by the agency. The U.S. Treasury Department's Office of the Comptroller of the Currency (OCC) attributed the decline in enforcement actions, including orders citing capitalization requirements and the Bank Secrecy Act, to improvements in the economy and the state of the banking sector. While the agency imposed fewer penalties, some were "significant," it said. The number of Matters Requiring Attention (MRAs) issued by the OCC for deviations from safe and sound practices and...
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