PNC’s risk chief on life as an in-betweener
Regulatory relief has bypassed the "super-regionals", says CRO
Joseph Rockey is feeling left out.
As chief risk officer at the PNC Financial Services Group, he is sorely aware of the regulatory rollback occurring under the Trump administration.
The difficulty for him is not much of it applies to PNC.
Take the Economic Growth, Regulatory Relief and Consumer Protection Act, or as it’s popularly known, the Crapo bill, after its Senate Republican sponsor. That bill lifted the bank asset threshold to $250 billion from $50 billion as the divide where heavier
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