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Comptroller discusses breaking up big banks with compliance issues
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Banking, Corporate Governance, Dodd-Frank Basics, Financial Stability, Government Oversight
Tuesday, February 7, 2023
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At an event hosted by Brookings Institution entitled “Too big to manage?” Acting Comptroller of the Currency Michael Hsu stated it might be necessary to break up banks unable to comply with federal law. Hsu said “too-big-to-manage” banks can cause control failures, risk management breakdowns, and negative surprises to occur too frequently.
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