US Banks Facing 'False Sense of Comfort' Amid Rising Signs of Credit Stress, Says Banking Regulator.
26 Jun 2023, 08:00
US Banks Facing ‘False Sense of Comfort’ Amid Rising Signs of Credit Stress, Says Banking Regulator
Acting Comptroller of the Currency Michael J. Hsu just issued a fresh warning about potential risks to the US banking system.
In a new statement from the Office of the Comptroller of the Currency (OCC), Hsu says that banks should be “on the balls of their feet” with regards to risk management as credit markets begin to weaken.