OCC to create fintech office
US regulator will appoint chief financial technology officer to lead regulation of sector
The Office of the Comptroller of the Currency will establish a new unit to regulate financial technology firms, it announced on October 27.
In a press release, the US regulator said it would create an Office of Financial Technology. The office will “provide strategic leadership, vision, and perspective for the OCC’s financial technology activities and related supervision”.
The OCC – the oldest national bank regulator in the US, overseeing banks with national charters – will appoint a chief
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