Charles Taylor, deputy comptroller for regulatory policy at the Office of the Comptroller of the Currency (OCC), has been selected by the Basel Committee on Banking Supervision to chair its Standards Implementation Group (SIG).
The SIG is tasked with promoting greater effectiveness and consistency in the implementation of Basel Committee guidance and standards, including its capital standards framework. The SIG has seven sub-groups that address the calculation of risk weights for the banking and trading books, operational risks, Pillar II issues, supervisory colleges, SIB supervision and the overall implementation of the Basel standards.
‘I'm very pleased that Charles can apply his more than thirty years of experience in the financial services industry to further improve the quality of banking supervision at the international level,’ says Comptroller of the Currency Thomas J. Curry. ‘Charles brings strong leadership and expertise to his new role and is well suited to chair the Basel Committee's Standards Implementation Group.’
Taylor joined the OCC in 2011. He previously served as director of the financial reform project at the Pew Charitable Trusts. From 2002 to 2008, he was director of operational risk at the Risk Management Association.