WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu issued the following statement at today’s Federal Deposit Insurance Corporation (FDIC) board meeting regarding the final rule on insured depository institution (IDI) resolution planning. As a long-time regulator of large financial institutions, I know first-hand the consequences of complacency when it comes to resolvability. Those consequences can […]
Tag Archives: Large Banks
Acting Comptroller of the Currency Issues Statement on Large Bank Resolution Plans
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu, in his capacity as a Federal Deposit Insurance Corporation (FDIC) board member, today released the following statement on the FDIC’s review of the eight largest and most complex domestic banking organizations’ 2021 resolution plans. The collaborative review of the plans by the FDIC and Federal Reserve Board […]
Acting Comptroller Issues Statement on FDIC and Federal Reserve Board ANPR on Resolution-Related Resource Requirements for Large Banking Organizations
News Release 2022-129 | October 18, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued the following statement at the Federal Deposit Insurance Corporation (FDIC) board meeting: I support the FDIC’s joint issuance with the Federal Reserve of this Advance Notice of Proposed Rulemaking (ANPR) on resolution-related resource requirements for large […]
Comptroller of the Currency Statement on the House Financial Services Committee’s Report on Wells Fargo
News Release 2020-26 | March 5, 2020 Share This Page: WASHINGTON — Comptroller of the Currency Joseph M. Otting today issued the following statement regarding the recent House Financial Services Committee’s report on Wells Fargo. The Office of the Comptroller of the Currency shares the House Financial Services Committee’s commitment to ensuring all banks operate in […]