Comptroller of the Currency
Comptroller of the Currency
Comptroller of the Currency
Michael J. Hsu
Acting Comptroller of the Currency
Michael J. Hsu became Acting Comptroller of the Currency on May 10, 2021, upon his designation as First Deputy Comptroller by Secretary of the Treasury Janet Yellen. The OCC charters, regulates and supervises all national banks and federal savings associations and ensures that they operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations.
Comptroller Appearances
Acting Comptroller Hsu participates in a wide variety of public events. Information on his appearances is updated at least weekly and available on the Comptroller Appearances page.
Recent Speeches
Statement - Speech Jun 09, 2022
Acting Comptroller Discusses Importance of CDFIs, MDIs
Statement - Speech May 24, 2022
Acting Comptroller Discusses Vulnerabilities, Volatility with Cryptocurrency
Statement - Speech May 23, 2022
Acting Comptroller of the Currency Presents Bank Charter to Minority Depository Institution
Statement - Speech May 16, 2022
Acting Comptroller Hsu's Priorities
Adapting to Digitalization
The business of banking is rapidly changing with the mass adoption of digital technologies. These innovations can provide convenience and accessibility, but also have the potential to bring risks.
- Acting Comptroller Discusses Vulnerabilities, Volatility with Cryptocurrency
- Acting Comptroller Issues Statement on Standards for Stablecoins
- OCC Clarifies Bank Authority to Engage in Certain Cryptocurrency Activities and Authority of OCC to Charter National Trust Banks
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Guarding Against Complacency
Overconfidence leading to complacency is a risk especially during periods of growth and innovation. To protect the gains in trust made since the financial crisis, banks and regulators must remain vigilant.
- Acting Comptroller Discusses Priorities, Safeguarding Trust in Banking
- Acting Comptroller of the Currency Testifies on the Condition of the Federal Banking System
- Acting Comptroller Discusses Managing Tail Risks
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Acting on Climate Risk
Climate change presents risks to the financial system. The increased frequency, severity, and volatility of extreme weather affects the value of financial assets and borrowers' credit worthiness.
- Acting Comptroller Discusses Climate Risk Management, Diversity, and Inclusion
- Acting Comptroller of the Currency Issues Statement in Support of the FSOC's Climate-related Financial Risk Committee
- OCC Seeks Feedback on Principles for Climate-Related Financial Risk Management for Large Banks
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Reducing Inequality
Reducing inequality in banking must be a national priority, and banks can play an important role in closing the wealth gap. The OCC’s twin mission of ensuring that banks provide fair access to financial services and treat customers fairly speaks to these challenges.
- Acting Comptroller Discusses Expanding Diversity and Inclusion, Minority Homeownership
- Agencies Issue Joint Proposal to Strengthen and Modernize Community Reinvestment Act Regulations
- OCC Launches Discussion Series on Financial Health
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Financial Health: Vital Signs Discussion Series
Episode 1: Minority Ownership of Cryptocurrency
On April 28, 2022, Acting Comptroller of the Currency Michael J. Hsu launched the Financial Health: Vital Signs quarterly discussion series to explore issues relating to the financial wellbeing of consumers. The first event featured a discussion about minority ownership of cryptocurrency with John Hope Bryant, the founder, CEO and Chairman of Operation Hope, and Professor Tonya Evans of Penn State Dickinson Law.
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Acting Comptroller Discusses Community Reinvestment Act
On June 3, Acting Comptroller Hsu joined Vice Chair of the Federal Reserve Brainard and Acting Chairman of the FDIC Gruenberg at the Urban Institute to discuss the joint proposal to strengthen and modernize regulations implementing the Community Reinvestment Act (CRA). Members of the public may submit comments on the proposal until August 5, 2022.
Learn More About the OCC
Annual Report
Discusses the Comptroller's priorities for the year ahead, the agency’s accomplishments, and the state of the financial industry.
Key Data & Statistics
Explore data and statistics about the OCC and the federal banking system, licensing activities, enforcement actions, and more.
