The Office of the Comptroller of the Currency, the Federal Reserve Board and the FDIC adopted a final rule to increase the major asset prohibition thresholds for management interlock rules.
Comptroller of the Currency Thomas J. Curry announced that he will step down as Comptroller on May 5, 2017. In a speech before a FinTech conference, he reaffirmed the OCC's continuing commitment to facilitate innovation.
An article on the effective date for the Federal Reserve Board, OCC and FDIC joint final rule increasing the major asset prohibition thresholds for the management interlock rule misstated the effective date as October 9, 2019. The correct effective date is October 10, 2019.
In an article published in the Federal Reserve Bank of New York Economic Policy Review, economists examined the "role of financial reporting in resolving agency conflicts among a firm’s managers, directors, and capital providers."