OCC to Streamline Supervision and Strengthen Risk Policy Integration

The Office of the Comptroller of the Currency (OCC) has announced a broad reorganization of its internal structure to consolidate supervisory functions, improve coordination across banking tiers, and elevate its information technology and risk management capabilities. The changes will take effect on June 2, 2025.

The most significant change is the merger of the Midsize and Community Bank Supervision and Large Bank Supervision functions into a single entity titled the Bank Supervision and Examination line of business. The consolidation is intended to unify supervision strategies across the OCC’s regulated banks, allowing for a coordinated allocation of expertise and examiner resources across all sizes and types of institutions.

A broad reorganization of OCC’s internal structure

Greg Coleman, currently the Senior Deputy Comptroller for Large Bank Supervision, will lead the new Bank Supervision and Examination office. Beverly Cole, the Senior Deputy Comptroller for Midsize and Community Bank Supervision, will retire in May after 43 years of service. Cole’s tenure included regional and national roles influencing examination processes for community-focused institutions.

The OCC also announced the reinstatement of the Chief National Bank Examiner office, which will oversee the Bank Supervision Policy and Supervision Risk and Analysis divisions. This consolidation is designed to unify policy formation and risk monitoring, improving the flow of supervisory insights and analytical findings across the agency.

Jay Gallagher, currently the Senior Deputy Comptroller for Supervision Risk and Analysis, will lead the Chief National Bank Examiner Office. Grovetta Gardineer, who served as Senior Deputy Comptroller for Bank Supervision Policy, will also retire in May after 37 years in federal service. Gardineer spent 15 of those years at the OCC, where she oversaw major policy frameworks and supervisory initiatives.

Additionally, the OCC will elevate its Information Technology and Security (ITS) function to a new executive-level position. A Senior Deputy Comptroller for ITS will be appointed to lead the unit and sit on the Executive Committee, signaling the agency’s focus on cybersecurity, digital operations, and technology-driven oversight processes.

According to the OCC, the changes are intended to “better address today’s challenges, align similar functions within the agency, and leverage opportunities for efficiencies.” The agency emphasized that unifying the supervision line will provide examiners with clearer career development pathways and greater institutional knowledge sharing.

This structural realignment comes as financial institutions continue to face complex risks from evolving technology, new business models, and rising expectations around supervisory agility. The OCC’s move reflects broader regulatory trends in integrating risk, policy, and examination frameworks within single operational hierarchies.