Comptroller of the Currency John D. Hawke says banks owned by financial conglomerates should better protect their interests. (Banking).* Comptroller of the Currency Comptroller of the Currency A government official, appointed by the President of the United States, who keeps control over all national banks, and receives reports from the banks at least quarterly, to be published in newspapers. John D. Hawke says banks owned by financial conglomerates should better protect their interests--by insisting on reasonable compensation--when dealing with affiliated organizations that want to sell products to bank customers (www.occ.treas.gov/ftp/release/2002-78.doc). Hawke recommends several additional ways--including adopting corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. standards--banks can preempt pre·empt or pre-empt v. pre·empt·ed, pre·empt·ing, pre·empts v.tr. 1. To appropriate, seize, or take for oneself before others. See Synonyms at appropriate. 2. a. government intervention and retain their self-regulatory powers. |
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