One of the oldest federal agencies, theOffice of the Comptroller of the Currency (OCC)was established in 1863 by the National Currency Act. Its main purpose is to supervise, regulate, and provide charters to banks operating in the U.S. to ensure the soundness of the overall banking...
The article is structured as follows. Section2sets out the analytical framework, comprising five core features. An RMIB’s features interact with each other in ways that can be cross-cutting: e.g., a large for-profit stock exchange might have strong incentives to create investor protection rul...