Destabilizing speculation

Biden chooses ex-Davis Polk Atty, law professor for OCC chief


By Jon Hill (September 23, 2021, 4:42 p.m. EDT) – President Joe Biden has brought in a former Davis Polk & Wardwell LLP lawyer turned scholar to lead the Office of the Comptroller of the Currency in a move that could position the regulator national bank for a continued evolution towards crypto-skepticism.

The White House officially announced Cornell Law School Professor Saule Omarova on Thursday as the OCC’s top candidate, where she would be the first-ever woman and person of color to serve as the agency’s permanent controller. for over 150 years. the story.

The selection of Omarova, who was a partner in the financial management of Davis Polk …

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