WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed large bank manageability in remarks at Brookings. The Acting Comptroller shared his views on detecting, preventing and addressing risks that can result in large banks becoming too-big-to-manage. He reflected that large banks that repeatedly try but fail to fix their material deficiencies prolong risks to […]
Category Archives: U.S. Treasury
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at White House event “Lowering Costs: Inflation Reduction Act Briefing”
As prepared for delivery Thank you, Secretary Granholm, and thank you all for joining me today. The Inflation Reduction Act is the most significant piece of legislation in our country’s history when it comes to building a clean energy future. The law puts in place broad-based incentives to drive investment and job growth, while lowering […]
Detailed Press Guidance for Secretary of the Treasury Janet L. Yellen’s Travel to Africa
WASHINGTON – Secretary of the Treasury Janet L. Yellen will travel to Senegal, Zambia, and South Africa from January 17 through January 28. While in Africa, Secretary Yellen will highlight the Biden-Harris Administration’s work to deepen U.S.-Africa economic ties, including by expanding trade and investment flows and promoting sustainable and inclusive economic growth. This follows the […]
Statement from Assistant Secretary of the Treasury for Tax Policy Lily Batchelder on the Appointment of Manal Corwin to lead OECD’s Centre for Tax Policy and Administration
WASHINGTON—Today, Assistant Secretary of the Treasury for Tax Policy Lily Batchelder released the following statement on the appointment of Manal Corwin to Director of the Organisation for Economic Co-operation and Development’s (OECD) Centre for Tax Policy and Administration (CTPA). “We welcome the OECD’s announcement that Manal Corwin will be the next Director of the Centre […]
FRWG December 2022 – Joint Statement
The seventh official meeting of the UK–U.S. Financial Regulatory Working Group (the Working Group) took place on 14 December 2022 in London. The Working Group was established in 2018 to deepen bilateral regulatory cooperation and to enhance: financial stability; investor protection; fair, orderly, and efficient markets; and capital formation across both jurisdictions. Officials and senior […]
Registration Open for OCC Symposium on Bank Mergers
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced registration is open for its symposium on bank mergers February 10, 2023, at its headquarters in Washington, D.C. The symposium will include panel discussions among thought leaders, academics, community groups, and the banking industry on bank mergers and is open to the public for […]
OCC Issues Revisions to Fair Lending Booklet
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued a revised version of the “Fair Lending” booklet of the Comptroller’s Handbook. The “Fair Lending” booklet provides information and examination procedures to assist OCC examiners in assessing fair lending risk and evaluating compliance with the Fair Housing Act, the Equal Credit Opportunity Act (ECOA), […]
OCC Announces Deputy Comptroller for Systemic Risk Identification and Support
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced Melissa Love-Greenfield as Deputy Comptroller for Systemic Risk Identification and Support (SyRIS) within the Supervision Risk & Analysis division. She will assume these duties January 29, 2023. In this role, Ms. Love-Greenfield will oversee the staff responsible for identifying, evaluating, and holistically […]
Media Advisory: Under Secretary of the Treasury Brian E. Nelson to Travel to Washington and California
WASHINGTON – During the week of January 9th, Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson will travel to Seattle, Washington and San Francisco and San Diego, California. While on the West Coast, he will meet with the private sector to discuss illicit finance and financial inclusion. Under Secretary Nelson […]
Remarks by Secretary of the Treasury Janet L. Yellen at Bilateral Meeting with Canadian Deputy Prime Minister and Minister of Finance Chrystia Freeland
As prepared for delivery Deputy Prime Minister Freeland, it’s a pleasure to welcome you back to DC for today’s meeting. Canada is a key ally and one of our closest economic partners. The strength of that relationship will be furthered by President Biden and Prime Minister Trudeau at the North American Leaders Summit today in […]