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On April 7, 2016, at the American Banker Retail Banking
Conference, US Comptroller of the Currency Thomas J. Curry
discussed innovation in the financial services industry and its
impact on retail bankers, consumers of banking services and
regulatory agencies. Comptroller Curry noted that if banks are to
remain relevant in a changing world, they have to be able to adapt
quickly to changes in technology and business practices. He also
noted the importance of regulators being open to such changes but
cautioned that regulators do so in a responsible way that does not
threaten the safety of the system or the financial well-being of
bank customers. The Comptroller also spoke about the OCC's
principles for implementing a regulatory framework to support
responsible innovation in the federal banking system.
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