Comptroller of the Currency
Comptroller of the Currency
Comptroller of the Currency
Michael J. Hsu
Acting Comptroller of the Currency
Michael J. Hsu became Acting Comptroller of the Currency on May 10, 2021, upon his designation as First Deputy Comptroller by Secretary of the Treasury Janet Yellen. The OCC charters, regulates and supervises all national banks and federal savings associations and ensures that they operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations.
Comptroller Appearances
Acting Comptroller Hsu participates in a wide variety of public events. Information on his appearances is updated at least weekly and available on the Comptroller Appearances page.
Recent Speeches
Statement - Speech Sep 07, 2022
Acting Comptroller Discusses Safeguarding Trust in Banking
Statement - Speech Sep 01, 2022
Acting Comptroller Discusses Importance of Community Banks; Announces Reduction in Assessment Fees
Statement - Speech Aug 02, 2022
Acting Comptroller Discusses Cybersecurity Risks to Financial Sector
Statement - Speech Jul 14, 2022
Acting Comptroller Discusses Importance of Financial Health for Consumers
Acting Comptroller Hsu's Priorities
Adapting to Digitalization
The business of banking is rapidly changing with the mass adoption of digital technologies. These innovations can provide convenience and accessibility, but also have the potential to bring risks.
- Acting Comptroller Discusses Importance of Community Banks; Announces Reduction in Assessment Fees
- OCC Solicits Research on Implications of Financial Technology for Banking
- Acting Comptroller Discusses Vulnerabilities, Volatility with Cryptocurrency
- Acting Comptroller Issues Statement on Standards for Stablecoins
- OCC Clarifies Bank Authority to Engage in Certain Cryptocurrency Activities and Authority of OCC to Charter National Trust Banks
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Guarding Against Complacency
Overconfidence leading to complacency is a risk especially during periods of growth and innovation. To protect the gains in trust made since the financial crisis, banks and regulators must remain vigilant.
- Acting Comptroller Discusses Safeguarding Trust in Banking
- Acting Comptroller Discusses Priorities, Safeguarding Trust in Banking
- Acting Comptroller of the Currency Testifies on the Condition of the Federal Banking System
- Acting Comptroller Discusses Managing Tail Risks
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Acting on Climate Risk
Climate change presents risks to the financial system. The increased frequency, severity, and volatility of extreme weather affects the value of financial assets and borrowers' credit worthiness.
- OCC Announces Chief Climate Risk Officer
- Acting Comptroller Discusses Climate Risk Management, Diversity, and Inclusion
- Acting Comptroller of the Currency Issues Statement in Support of the FSOC's Climate-related Financial Risk Committee
- OCC Seeks Feedback on Principles for Climate-Related Financial Risk Management for Large Banks
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Reducing Inequality
Reducing inequality in banking must be a national priority, and banks can play an important role in closing the wealth gap. The OCC’s twin mission of ensuring that banks provide fair access to financial services and treat customers fairly speaks to these challenges.
- Acting Comptroller of the Currency Tours South Carolina Lowcountry to Highlight Investments in Rural Communities
- OCC Updates Policy Statement on Minority Depository Institutions
- Acting Comptroller Discusses Importance of Financial Health for Consumers
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Financial Health: Vital Signs Discussion Series
Episode 1: Minority Ownership of Cryptocurrency
On April 28, 2022, Acting Comptroller of the Currency Michael J. Hsu launched the Financial Health: Vital Signs quarterly discussion series to explore issues relating to the financial wellbeing of consumers. The first event featured a discussion about minority ownership of cryptocurrency with John Hope Bryant, the founder, CEO and Chairman of Operation Hope, and Professor Tonya Evans of Penn State Dickinson Law.
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Acting Comptroller of Currency tours Lowcountry towns, businesses
Acting Comptroller of the Currency Michael J. Hsu toured South Carolina's Lowcountry on August 26 to gain insight into the financial needs of rural communities. During the day-long event, Acting Comptroller Hsu met with local leaders, businesses, and non-profits to discuss how bank partnerships with community development financial institutions and community-focused rural groups support economic development in rural areas, particularly communities of color.
Learn More About the OCC
Annual Report
Discusses the Comptroller's priorities for the year ahead, the agency’s accomplishments, and the state of the financial industry.
Key Data & Statistics
Explore data and statistics about the OCC and the federal banking system, licensing activities, enforcement actions, and more.
