John Walsh To Become Acting OCC Head

Posted by Orb Staff on July 26, 2010 No Comments
Categories : Residential Mortgage

reasury Secretary Tim Geithner has announced that John G. Walsh will [link=http://treasury.gov/press/releases/tg787.htm]become acting comptroller[/link] of the currency, following John C. Dugan's departure next month. Dugan is set to leave office on Aug. 14. Walsh currently serves as chief of staff and public affairs for the Office of the Comptroller of the Currency (OCC), a position he has held since October 2005. In that position, he has been engaged in all aspects of the OCC's operations. Walsh joined the OCC from the Group of 30, a consultative group that focuses on international economic and monetary affairs. He joined the Group in 1992 and became executive director in 1995. Walsh also served on the Senate Banking Committee from 1986 to 1992 and as an international economist for the Treasury Department from 1984 to 1986. The Treasury says that Walsh's experience in OCC management and the international arena made him a strong fit for his new role, particularly as the OCC moves forward to implement the Dodd-Frank legislation and works to establish new international bank capital standards. SOURCE: [link=http://treasury.gov/press/releases/tg787.htm]U.S. Treasury Department

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