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Acting US comptroller warns of threats to stability
Hsu defends preemption, federal oversight and increasing regulation for large banks
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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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