| An interim comptroller of the currency has been named.
Bush-appointee John Dugan gave notice last month that he would finish his five-year stint as the 29th Comptroller of the Currency on Aug. 14. Today, the Office of the Comptroller of the Currency announced John Walsh has become acting comptroller of the currency. His duties include serving as a director for the Federal Deposit Insurance Corp. Walsh has been chief of staff at the OCC since 2005. Before joining the regulator, which oversees a national banking system of more than 1,500 community and mid-size banks, Walsh was executive director at the Group of Thirty. He served on the staff of the Senate Banking Committee from 1986 to 1992, and was an international economist at the U.S. Department of the Treasury from 1984 to 1986. “This is an important and challenging period in the 147-year history of the Office of the Comptroller of the Currency,” Walsh said in the statement.
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OCC photo of John Walsh
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Priorities for the acting comptroller include implementing requirements of financial reform, taking over supervision of financial institutions from the Office of Thrift Supervision and completion of the Basel III capital accord.
