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On October 21, 2015, Comptroller of the Currency, Thomas J. Curry, in a speech before the Exchequer Club, discussed the increasing credit risk in the federal banking system.
On October 21, 2015, Comptroller of the Currency, Thomas J.
Curry, in a speech before the Exchequer Club, discussed the
increasing credit risk in the federal banking system. Comptroller
Curry believes the financial system is currently at a point in the
market cycle where loan underwriting standards are weakening and
credit risk is becoming an increasing point of focus. He stated,
"...we should be asking whether banks have the appropriate
risk management processes and structures in place to measure,
monitor and control the increased credit risk they are taking
on." In his remarks, the Comptroller mentioned leveraged
lending and auto lending as two specific products of concern.
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