Trump’s Expected OCC Pick Signals Shift at Regulator That Could Ripple Through Financial Markets
By Ryan Tracy
President Donald Trump’s expected move to replace the Comptroller of the Currency signals a change in direction at the bank regulator that could ripple through the financial markets, from private-equity buyouts to financial technology—and even municipal securities. … “The tone at the top may change in terms of [giving bankers] the benefit of the doubt in riskier sectors,” said Karen Shaw Petrou, managing partner of the policy analysis firm Federal Financial Analytics Inc. She said she expects the next comptroller to pursue community bank relief more aggressively. “The focus is going to be shifting to, ‘What can we do to get more lending out?’” Mr. Curry, whose five-year term expired last month, has endorsed regulatory changes to help smaller lenders. But his message has often clashed with what bankers might wish to hear.