OCC Says Boards Responsible for Overseeing Banks’ Culture

Comptroller of the Currency Thomas Curry said banks’ boards are responsible for their firm’s culture, the latest indication that regulators are expecting boardrooms to help keep Wall Street out of trouble.

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Tate – board and director responsibilities coming into focus. See also COSO 2013, culture and tone at the top, risk management and financial statement reliability. Audit committee responsibilities?  And where are internal audit, the outside independent auditor, and in-house counsel?