On April 7, 2016, at the American Banker Retail Banking Conference, US Comptroller of the Currency Thomas J. Curry discussed innovation in the financial services industry and its impact on retail bankers, consumers of banking services and regulatory agencies. Comptroller Curry noted that if banks are to remain relevant in a changing world, they have to be able to adapt quickly to changes in technology and business practices. He also noted the importance of regulators being open to such changes but cautioned that regulators do so in a responsible way that does not threaten the safety of the system or the financial well-being of bank customers. The Comptroller also spoke about the OCC’s principles for implementing a regulatory framework to support responsible innovation in the federal banking system.

Comptroller Curry’s remarks are available at: http://www.occ.gov/news-issuances/speeches/2016/pub-speech-2016- 42.pdf