Digital Transformation, Industry event

‘Be careful what you wish for,’ warns OCC head Michael J. Hsu

By Amalia Illgner
Michael J. Hsu
Image: Bloomberg

A US regulator has said the “tokenisation” of bank deposits could help manage intraday risk but warned that the lower friction introduced by concealing sensitive data could speed up potential bank runs.

The technology itself can be both “helpful and hurtful” said Michael J. Hsu, acting director of the Office ...

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