Acting Comptroller Discusses Banking and Commerce

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<span class="vert-line">|</span> <span class="date">February 21, 2024</span> </p> </section> <h1>Acting Comptroller Discusses Banking and Commerce</h1>  <script async src='//platform-api.sharethis.com/js/sharethis.js#property=642f2edb1cdb86001a1ecf3e&product=inline-share-buttons'></script> <section class="occgov-section__share grid-row grid-gap"> <div class="grid-col"> <div class="share-icons"> <p>Share This Page:</p> <ul> <li class="sharethis-inline-share-buttons"></li> </ul> </div> </div> </section>    <section class="occgov-section__content occgov-section__content--release-cssgrid"> <section class="occgov-section__content-subsection occgov-issuance-content">  <p>WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed banking and commerce, regulatory effectiveness, and financial stability in remarks at Vanderbilt University in Nashville, Tenn.</p> <p>In his remarks, Mr. Hsu discussed the blurring of the lines between banking and commerce in payments and private credit/equity, and how this might lead to financial instability. He also offered thoughts on the potential for the Financial Stability Oversight Council’s recently adopted analytic framework to identify and address financial stability risks as they emerge.</p> <h2>Related Links</h2> <ul> <li><a href="/news-issuances/speeches/2024/pub-speech-2024-17.pdf" target="_blank" rel="noopener noreferrer" title="Acting Comptroller Discusses Banking and Commerce">Remarks</a> (PDF)</li> <li><a href="/about/who-we-are/history/previous-comptrollers/previous-acting-comptrollers/bio-michael-hsu.html" title="Michael J. Hsu">Acting Comptroller of the Currency Michael J. Hsu</a></li> </ul>  </section>  <section class="occgov-section__content-subsection"> <div class="usa-summary-box"> <div class="grid-row grid-gap"> <div class="occgov-summary-column"> <h3 class='usa-summary-box__heading'>Media Contact</h3><div class='usa-summary-box__text'><p>Stephanie Collins<br/> (202) 649-6870<br/> </p></div> </div> </div> </div> </section> </section>  <section class="occgov-section__content occgov-section__content--topics grid-row grid-gap"> <div class="desktop:grid-col-9 mobile-lg:display-flex"> <h4 class="title">Topic(s):</h4> <ul class="links"> <li><a href="/news-events/newsroom/?topic=Bank%20Operations" class="topic-link">Bank Operations</a></li> <li><a href="/news-events/newsroom/?topic=Financial%20Technology" class="topic-link">Financial Technology</a></li> </ul> </div> </section> </main> </section> </div> </div> </section>   <footer id="site-footer" class="usa-footer"> <div class="usa-footer__info-section"> <div class="grid-container"> <div class="grid-row 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