Former Coinbase chief authorized officer Brian Brooks has been tapped because the chief working officer and first deputy comptroller of the Office of the Comptroller of the Currency, starting April 1, 2020.
Within the position, Brooks will assist the OCC in its mission of chartering, regulating and supervising nationwide banks and federal financial savings associations, together with federal branches and businesses of international banks.
Particularly, the chief working officer is concerned with oversight of banking supervision coverage, massive financial institution supervision, midsize and neighborhood financial institution supervision, the workplace of innovation, supervision system and analytical assist and systemic danger identification assist and specialty supervision.
Nowhere in that word-salad does it point out bitcoin, nevertheless it’s seemingly that cryptocurrencies will probably be one space the place Brooks will spend a minimum of a few of his time, given his earlier job and areas of experience.
“Brian Brooks is a robust chief with intensive expertise within the monetary providers sector,” mentioned Treasury Secretary Steven T. Mnuchin, in a press release. “I look ahead to working with him to make sure the soundness of our monetary system and its potential to foster larger financial progress for the good thing about all People.”
Brooks served because the chief authorized officer for Coinbase since September 2018, and beforehand served as government vice chairman, basic counsel and company secretary of Fannie Mae.