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US OCC To Break Up

US OCC To Break Up "Too Big To Manage" Banks

by Starling Insights

Starling Insights Editorial Board

Jan 24, 2023


At a Brookings Institution event last week, Michael Hsu, Acting Comptroller of the Currency, warned that banks whose size hinders their ability to address internal weaknesses and comply with regulations may be broken up.

Hsu put forth the view that absent inadequate systems or negligent management, risk control failures can and do occur with unacceptable frequency.  This, he argued, reflects an organization that has grown "Too Big to Manage."

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