The Office of the Comptroller of the Currency Tuesday appointed Charles Taylor to oversee the development of capital requirements for national banks.
As the new deputy comptroller for capital and regulatory policy, Taylor will play a key role in formulating and implementing capital rules evolving out of the Basel Accord and the Dodd-Frank Act.
"He will play a critical part in this agency's efforts with regard to capital policy, enhance our understanding of the international implications of OCC policy as well as the impact of international policy and standards on the banks and federal savings associations we supervise," said David Wilson, the chief national bank examiner.
Taylor previously directed the Financial Reform Project sponsored by the Pew Charitable Trust. Before that he held leadership positions at the Risk Management Association, Depository Trust and Clearing Corp. and Andersen Consulting.
At the Pew Charitable Trust, the new deputy comptroller supported bi-partisan efforts to pass regulatory reform legislation. "We worked to pass the Dodd-Frank Wall Street Reform and Consumer Protection Act," Taylor said in a comment letter to banking regulators on stress testing. "We are now committed to contributing to the process of implementation."
