Organisation: Office of the Comptroller of the Currency (USA)

OCC’s Hsu threatens escalation against “too big to manage” bank repeat offenders

Acting US Comptroller of the Currency Michael Hsu has said decomplexifying “overgrown” and mismanaged banks is the only solution to “too big to manage” situations – warning of growth restrictions and divestiture orders for repeat offenders.

19 January 2023

Are OCC’s revised fair lending guidelines “fair enough”?

The US Office of the Comptroller of the Currency has updated its fair lending guidelines following a critical GAO report last year – but it’s not clear the revisions will satisfy the critics.

17 January 2023

OCC clears Flagstar-NYCB merger amid suggestions of regulatory arbitrage

Two large US banks have gained the first green light for their long-planned merger, after altering their application structure from a state to a national bank charter – a strategy that has prompted complaints of “regulatory arbitrage”.

03 November 2022

Skeuomorphism and the “gold rush vibe”: OCC’s Hsu expands on crypto caution call

Calls to bring crypto “within the regulatory perimeter” should be careful to tame, not accommodate, the new technology, the United States’ acting comptroller of the currency Michael Hsu has warned his fellow regulators.

18 October 2022

OCC’s 2023 plan focuses on bank readiness for emerging risks

Climate and geopolitical risk dominate the Office of the Comptroller of the Currency supervision plans for 2023, as the regulator calls on its examiners to ensure banks are ready for emerging risks.

11 October 2022

“It’s a little bit of a journey”: the road to climate transition

Panellists from two of the US’ largest regulators discussed the challenges of a US$150 trillion climate transition with representatives of the US Treasury and Goldman Sachs at the Bank Policy Institute-The Clearing House’s annual conference in New York.

15 September 2022

OCC hires New York DFS climate chief

The Office of the Comptroller of the Currency has named Yue Chen, who headed the New York financial regulator’s climate initiatives for two and a half years, to lead its newly-created climate risk office.

14 September 2022

Warren urges OCC to rescind crypto guidance

The US Office of the Comptroller of the Currency should rescind its guidance opening the door to banks’ crypto activities, according to a new push by a quartet of Democratic senators, shortly after banking groups called for a larger role for the industry within crypto innovation.

15 August 2022

OCC’s Hsu calls for bank merger policy reform

The United States’ Office of the Comptroller of the Currency will review its approach to bank mergers, its acting head has said, giving his ideas on what such a review may look like after President Joe Biden’s order to regulators to prioritise a bank merger policy change.

11 May 2022

US supervisors to expand CRA to digital banks

A trio of the United States’ federal regulators have jointly released proposals to update their implementation of the Community Reinvestment Act, ensuring that digital banks are caught in the net and detaching evaluations from branch networks.

09 May 2022

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