Page 65 - Acting Comptroller News Today

Crypto Payment Initiatives Announced in Stablecoins, Lightning Network, Mining - Late last week, the issuer of USD Coin (USDC) announced that it had selected a major...

In the fourteen years since the 2008 financial crisis, significant actions have been taken by Federal banking agencies to make the largest financial institutions more resilient and less...

The next inflation reading on Tuesday could be pretty ugly given the surge in oil prices last month.

On April 1, 2022, the Acting Comptroller of the Currency, Michael Hsu, announced that he is considering imposing new prudential standards on larger regional banks.

<p><span>Acting Comptroller of the Currency Michael J. Hsu today discussed stablecoins at the Institute of International Economic Law at Georgetown University Law Center. In his remarks, Acting Comptroller Hsu discussed the architecture of a U.S. dollar-based stablecoin system, and policy considerations regarding stablecoin stability, interoperability and separability.</span></p>

<p><span>Today, U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council (Council) in executive session by videoconference.</span></p>

JPMorgan Chase CEO sent his annual letter to the bank’s shareholders this morning.

<p><span>Acting Comptroller of the Currency Michael J. Hsu today discussed financial stability and large bank resolvability at the University of Pennsylvania Wharton School of Business. In his remarks, Acting Comptroller Hsu discussed gaps in resolvability for the largest non-global systemically important banks, potential solutions, and the subsequent effect on financial stability.</span></p>

<p><span>Acting Comptroller of the Currency Michael J. Hsu today discussed managing low probability, high impact risk events, or tail risks, at the American Bankers Association Risk 2022 Conference. In his remarks, Acting Comptroller Hsu discussed how Russia’s invasion of Ukraine has affected tail risks, and tail risks associated with the trading of crypto-related derivatives.</span></p>

The main law policing redlining is the Community Reinvestment Act, which regulators enforce when banks seek to grow bigger. While Biden administration officials claim that rooting out redlining is a top priority, the federal government's merger review process is a mere formality.