Daniel P. Stipano Quoted in Law360 Article, “Former OneWest CEO Otting To Bring Banker’s View To OCC"
Law360Daniel P. Stipano
Daniel P. Stipano was quoted on June 5, 2017 in a Law360 article, “Former OneWest CEO Otting To Bring Banker’s View To OCC, ” which discussed the nomination of Joseph Ottings, former OneWest Bank CEO, as the head the Office of the Comptroller of the Currency. The article noted some potential concerns about the nomination including that as a former banker, he will now be in charge of regulating the same bank in which he was previously employed, but pointed out, “Despite those concerns, there is a belief that the career examiners and regulators who work at the OCC will keep their focus on maintaining the safety and soundness of the biggest national banks.”
Stipano stated, “You can’t do a 180-degree turn. The laws are on the books, and the regulations are there. The examiners are going to do their business regardless of who the comptroller is.”
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