Acting Comptroller Discusses Opportunities to Promote Economic Growth, Reduce Regulatory Burden

WASHINGTON—Acting Comptroller of the Currency Keith A. Noreika today discussed ways to promote economic growth and reduce regulatory burden, while ensuring proper oversight of the federal banking system. The Acting Comptroller’s testimony before the Senate Committee on Banking, Housing, and Urban Affairs highlighted opportunities to address two issues. The first issue involves reducing regulatory redundancy that results in waste, increased burden, and hinders economic growth. The second relates to tailoring regulation to fit the size, complexity, and risk of regulated institutions to prevent over-regulating or under-regulating particular entities and activities.

Related Links

• Oral Statement (PDF)
• Written Testimony (PDF)