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Risk Management

Why the OCC Raised Exam Fees on Big Banks

"The Office of the Comptroller of the Currency has been tightening its supervision of the largest banks — and apparently that upgrade comes with a price.

"The agency said Monday it plans to increase examination fees for the first time in nearly 20 years for institutions with over $40 billion in assets, a step the agency says is necessary because of its expanded role under the Dodd-Frank Act. Among other things, the law required the OCC to assume supervision of federal thrifts.