Sundry Edition
A Biweekly Newsletter by Salt of the Earth Consulting, LLC
Vol. 12 | November 30, 2022
At Salt of the Earth Consulting, we created Sundry Edition as a way to further our mission to be a trusted and beneficial partner within our community. Each newsletter includes a curated list of articles that fit a theme within the financial services industry. And, because all of us at SOTE share a passion for music, we always include a few song recommendations!
Hello From Washington, DC!
As we get closer to the new year, we are focusing our attention on changes to expect within the financial services industry in 2023. This week we are sharing the developments that the Office of the Comptroller of the Currency (OCC) has in store, which include emphasis on technology, fair lending, and climate change. The OCC recently announced that early next year they will be establishing an Office of Financial Technology to “bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape.” Earlier this month, Grovetta Gardineer, OCC’s Senior Deputy Controller for Bank Supervision Policy, outlined the bureau’s commitment to fair lending and strategic goals for 2023-2027. And lastly, in the OCC’s Fiscal Year 2023 Bank Supervision Operating Plan, the OCC states that it is working “to better understand climate-related financial risks in the context of safety and soundness, particularly as they relate to risks at large banks.”
Kathy Dick, SOTE‘s Founder & CEO, began her career in financial services at the OCC, where she rose through the ranks to complete her tenure as a Deputy Comptroller for Credit and Market Risk, Chair of the OCC’s National Risk Committee, and OCC representative for the President’s Working Group on Financial Markets. She now serves as a board member of the OCC Alumni Association. Kathy utilizes her regulatory experience and wealth of industry knowledge to help our clients navigate regulatory changes. You can learn more about what we do Here.
What We’re Reading…
What We’re Listening To…
This week’s Sundry Edition features artists from Washington, DC.
In A Sentimental Mood
Duke Ellington
Field Of Gold
Eva Cassidy
Here It Goes Again
OK Go
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