Curry: Operational risk eclipsing credit risk as top OCC concern

The nation’s banks are making progress as they shore up their credit and capital positions in the wake of the financial crisis; however, the new comptroller of the currency said a different type of risk is rapidly gaining his agency’s attention. Read on to learn why Thomas Curry said banks and thrifts “must resist the temptation to under-invest in the systems and controls they need to prevent greater risk and larger losses in the future.”