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Mitchell Stengel

Lead Expert
Credit Risk Analysis Division

(202) 649-5550
Mitch.Stengel@occ.treas.gov

Mitchell Stengel is a Lead Expert in the Credit Risk Analysis Division within the Economics department of the Office of the Comptroller of the Currency (OCC).

Dr. Stengel has been extensively involved as an OCC representative in the Basel process since 2000, from the deliberative and negotiation stages through implementation of the international accords (Basel II and III). He has served on several Basel international bodies, from the Models Task Force through the recently concluded Regulatory Consistency Assessment Program (Banking Book). He also worked on numerous U.S. interagency and OCC Basel groups, contributing to the formulation of the U.S. capital rules and guidance and participating in on-site bank reviews as part of the qualification process for U.S. AIRB banks. Dr. Stengel has taught numerous OCC examiner training courses on Basel, credit risk analysis and validation, and model risk. He has also addressed many OCC, interagency, and industry conferences on those topics. In the early 90’s, Dr. Stengel did research on fair lending issues in residential mortgage markets. He later served as Deputy Director of Credit Risk Modeling. Before coming to Washington, Dr. Stengel taught economics at the University of Michigan and at Michigan State University. He holds a bachelor’s degree from the University of Michigan and a Ph.D. from Harvard University.

  1. Mitchell Stengel, Mahmoud El-Gamal, and Hulusi Inanoglu (2007). “Multivariate Estimation for Operational Risk with Judicious Use of Extreme Value Theory.” The Journal of Operational Risk, Vol. 2, pp.21-54.
  2. Mitchell Stengel and Dennis Glennon (1999). “Evaluating Statistical Models of Mortgage Lending Discrimination: A Bank-Specific Analysis.” Real Estate Economics, Vol. 27, pp.299-334.
  3. Mitchell Stengel and James Gilkeson (1999). “The Economic Impact of Recent Accounting Rules.” Mortgage Banking, Vol. 59, pp.55-62.
  4. Mitchell Stengel, Dennis Glennon, Marsha Courchane, and William Lang (1995). “Using Statistical Models to Identify Unfair Lending Behavior,” in Fair Lending Analysis: A Compendium of Essays on the Use of Statistics, Anthony M. Yezer (ed.), American Bankers Association, pp.57-64.
  5. Mitchell Stengel (1995). “From Traditional Mortgage Lending to Modern Mortgage Banking,” OCC Quarterly Journal, Vol. 14, pp.11-18.
  1. Mitchell Stengel, Mahmoud El-Gamal, and Hulusi Inanoglu (2006). “Multivariate Estimation for Operational Risk with Judicious Use of Extreme Value Theory,” OCC Economics Working Paper – WP 2006-3, Office of the Comptroller of the Currency.
  2. Mitchell Stengel and James Gilkeson (1999). “Factors Influencing a Firm’s Adoption of New Reporting Requirements: SFAS 122 and Mortgage Servicers,” OCC Economics Working Paper – WP 99-2, Office of the Comptroller of the Currency.
  3. Mitchell Stengel (1997). “High LTV Lending and the Determinants of Residential Mortgage Default.”
  4. Mitchell Stengel and Dennis Glennon (1995). “Evaluating Statistical Models of Mortgage Lending Discrimination: A Bank Specific Analysis,” OCC Economics Working Paper – WP 95-3, Office of the Comptroller of the Currency.
  5. Mitchell Stengel and Dennis Glennon (1994). “An Evaluation of the Federal Reserve Bank of Boston’s Study of Discrimination in Mortgage Lending,” OCC Economics Working Paper – WP 94-2, Office of the Comptroller of the Currency.
  1. “Regulatory Consistency Assessment Programme (RCAP): Analysis of Risk-Weighted Assets for Credit Risk in the Banking Book,” (2013). Basel Committee on Banking Supervision.
  2. “Supervisory Guidance on Model Risk Management,” (2011). OCC Bulletin 2011-12. Office of the Comptroller of the Currency.
  3. “Proposed Supervisory Guidance for Internal Ratings-Based Systems for Credit Risk, Advanced Measurement Approaches for Operational Risk, and the Supervisory Review Process (Pillar 2) Related to Basel II Implementation,” (2007). Federal Register, Vol. 72, pp. 9083-9193.
  4. “Use of Vendor Products in the Basel II IRB Framework” (2006). Working Paper No. 8. Basel Committee on Banking Supervision.
  5. “Validation of Low-Default Portfolios in the Basel II Framework” (2005). Working Paper No. 6.Basel Committee on Banking Supervision.
  6. “Internal Ratings-Based Systems for Retail Credit Risk for Regulatory Capital,” (2004). Federal Register, Vol. 69, pp. 62747-62776.