Hsu lists OCC priorities

In a presentation yesterday at the Exchequer Club, Acting Comptroller of the Currency Michael J. Hsu discussed the agency’s priorities regarding the importance of safeguarding trust in the banking system and of guarding against complacency. He stated “These two imperatives anchor my priorities and inform all that I do. They derive from my experiences around the financial crisis of 2008. The trauma of that event continues to cast a long shadow, especially on the people who depend every day on the banking system to work safely and fairly for them. Trust and vigilance can help us deal with the past, while also guiding us going forward.”

Hsu also discussed his four key priorities for the OCC: (1) reducing inequality, (2) adapting to digitalization, (3) acting on climate change, and (4) guarding against complacency.