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CLAIM #12712 · C (C) · 2024Q2 earnings call · Jul 12, 2024 · due Oct 10, 2024

We obviously review this pretty constantly ourselves. We're already working on the plan after it's finalized with the OCC. ... And we're expecting to get it, we're not expecting this to take long.

Jane Fraser · CEO

PENDING
graded after results covering Oct 10, 2024 are reported

In context

up on the OCC amendment, and that's specifically related to the resource review plan. Do you have a line-of-sight on how long that will take you guys to finish because it seems like -- and is that what we should be thinking about in terms of just understanding like what side of what you need to get done in terms of the other language that's written in the order? Jane Fraser: So, Ken, look, the Resource Review Plan is just that it's a plan to ensure that we have sufficient resources allocated towards achieving a timely and sustainable compliance with the order. Essentially, if an area is delayed or looking as if it could be, we'll determine what additional resourcing, if any, is required to get back on track, and then we'll share that with the OCC in a more formalized way than we do today. We obviously review this pretty constantly ourselves. We're already working on the plan after it's finalized with the OCC. So, it will be confidential supervisory information that we can't disclose. So, we won't be able to tell you that the plan is -- whether the plan -- what the nature of the plan is going to be, but it won't be much more complicated than what we talked about. And we're expecting to get it, we're not expecting this to take long. Operator: The next question is from Betsy Graseck with Morgan Stanley. Your line is now open. Please go ahead. Betsy Graseck: Hi, good afternoon. Mark Mason: Hello. Jane Fraser: Hi, Betsy. Betsy Graseck: Okay. So, I know we talked a lot about expenses. I just have one kind of overarching question here, which is on how we should think about the path of expenses between now and the medium term as we have kind of come quite a long way in the simplification process, maybe if you could give us a sense as to how far along simplification impact o

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SEC filings for C · Claim quote is verbatim from the 2024Q2 earnings call.