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Daniel P. Stipano quoted in Mlex article, “OCC warnings to banks tumble to pre-crisis levels, report shows”

MLex

Daniel P. Stipano

Daniel P. Stipano was quoted on January 3, 2019 in an MLex article, “OCC warnings to banks tumble to pre-crisis levels, report shows,” which discussed the OCC’s decrease of warning to banks regarding internal controls and risk management. The article stated, “The plunge in Matters Requiring Attention, which can precede enforcement action, stems from banks’ improved financial condition and their increased attentiveness to risk, Obama and Trump administration officials said.”

Stipano added, “This is a time of great health in the banking industry. MRAs and enforcement actions tend to rise when there is an economic downturn.”

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