Acting US comptroller warns of threats to stability
Hsu defends preemption, federal oversight and increasing regulation for large banks
The acting US comptroller of the currency has said three trends are reshaping banking and threatening financial stability: the increasing number and size of large banks; the growing complexity of banks’ and non-banks’ relationships; and increasing political polarisation.
Speaking at an event in Washington DC on July 17, Michael Hsu said the trends were “under-appreciated by the public because they are evolving incrementally. The issues they pose thus seem manageable.
“Left untended, however, they
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