Financial Stability

OCC highlights how open banking may necessitate change in its approach

By Marie Kemplay
BRR fallback image

Speaking at a recent conference on financial data, Michael J. Hsu, acting comptroller of the currency, highlighted how the Office of the Comptroller of the Currency’s approach to supervision may need to change in response to open banking initiatives.

He observed how the OCC’s established mandate is to supervise chartered ...

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