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As Assistant to the President for Economic Policy and Director of the National Economic Council (2017-2018), Gary Cohn managed the US economic policy agenda, stimulating economic expansion, job creation, and wage increases through historic tax and regulatory reform. Prior to that he was the President and Chief Operating Officer at Goldman Sachs where he worked for more than 25 years.

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The New

The New "Supply Chain" of Finance

by Starling Insights

Starling Insights Editorial Board

Nov 02, 2023

Observations

US OCC USA Regulatory Trends Innovation & Technology Innovative Approaches

In an interview at the recent Money20/20 Conference, US Acting Comptroller Michael Hsu discussed how the Office of the Comptroller of the Currency (OCC) is adapting its oversight to supervise the new "supply chain" of financial services.

Hsu highlighted the increasing trend of banks outsourcing tasks to fintechs and vendors, creating complex, multi-layered relationships. "It's something we're going have to really grapple with, because I think the trend in banking, especially on payments, is more and more of this chopping up, if you will, of the different activities," he said.

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