Yesterday, Comptroller of the Currency Thomas J. Curry delivered prepared remarks at the American Banker Regulatory Symposium in Washington, D.C. in which he detailed the agency's new "heightened expectations" program, which it is instituting for large banks as a result of the very significant enforcement actions it had to take against them for "operational failures, lapses in risk management, and lapses in enterprise governance." These standards are expected to be introduced soon. In addition, the agency has developed its own "assessing" initiative to help ensure that the regulatory agencies do a better job at more quickly recognizing those operational risk problems. For more, read the full remarks.