News Release 2022-37 | April 8, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed stablecoins at the Institute of International Economic Law at Georgetown University Law Center. In his remarks, Acting Comptroller Hsu discussed the architecture of a U.S. dollar-based stablecoin system, and policy considerations regarding stablecoin stability, interoperability and […]
Category Archives: Office of the Comptroller of the Currency
OCC Publication Focuses on Bank Partnerships in Community Reinvestment and Resilience
News Release 2022-36 | April 7, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments newsletter, “Partners in Recovery: Community Reinvestment and Resilience.” This edition of Community Developments Investments highlights how banks can collaborate with community development financial institutions, minority depository institutions, […]
OCC to Host Virtual Minority Depository Institutions Advisory Committee Meeting April 26
News Release 2022-35 | April 5, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a virtual public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Tuesday, April 26, 2022. The meeting is open to the public and will begin at 1:00 p.m. Eastern Daylight […]
Acting Comptroller Discusses Large Bank Resolvability
News Release 2022-33 | April 1, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed financial stability and large bank resolvability at the University of Pennsylvania Wharton School of Business. In his remarks, Acting Comptroller Hsu discussed gaps in resolvability for the largest non-global systemically important banks, potential solutions, and the […]
Acting Comptroller Discusses Managing Tail Risks
News Release 2022-32 | March 31, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed managing low probability, high impact risk events, or tail risks, at the American Bankers Association Risk 2022 Conference. In his remarks, Acting Comptroller Hsu discussed how Russia’s invasion of Ukraine has affected tail risks, and tail […]
OCC Hosts Mutual Savings Association Advisory Committee Meeting April 19
News Release 2022-31 | March 29, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, April 19, 2022. The meeting, which will be in person and held virtually, is open to the public and […]
Acting Comptroller of the Currency Launches Project REACh Efforts in Dallas
News Release 2022-30 | March 28, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today joined civic leaders, community advocates, bankers, and business leaders to launch Dallas REACh. The Office of the Comptroller of the Currency (OCC) launched Project REACh, the Roundtable for Economic Access and Change, to bring together leaders from […]
OCC Reports Fourth Quarter 2021 Bank Trading Revenue
News Release 2022-29 | March 25, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $7.5 billion in the fourth quarter of 2021. The fourth quarter trading revenue was $713.0 million, or 10.5 percent, more than in the previous quarter. […]
Acting Comptroller Issues Statement on Action Plan to Advance Property Appraisal and Valuation Equity
News Release 2022-28 | March 23, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu issued the following statement upon the release of the Property Appraisal and Valuation Equity (PAVE) Task Force Action Plan, which addresses and corrects mis-valuations of residential property for families and communities of color. The PAVE Action Plan describes […]
Acting Comptroller Discusses Financial Health with UN Secretary-General’s Special Advocate H.M. Queen Máxima of The Netherlands
News Release 2022-27 | March 23, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today hosted a visit with Her Majesty Queen Máxima of the Netherlands, the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA), to promote financial inclusion. Queen Máxima’s visit is one of a series of meetings […]