Michael Hsu, the Acting Comptroller of the OCC, brings his extensive expertise to discuss the recent collapse of Silicon Valley Bank and Silvergate Bank. He delves into the challenges posed by new technologies like crypto and banking-as-a-service, highlighting significant regulatory concerns. Hsu emphasizes the importance of adapting regulations to ensure the safety and accountability of banking partnerships. The conversation also tackles the future of lending and the balance between centralized and community-focused banking in a rapidly evolving landscape.

Michael Hsu, former Acting Comptroller of the Currency, joins the discussion, blending his regulatory expertise with a playful 'Would You Rather' game. They tackle key questions like the trade-offs between high-risk bank formations versus Banking as a Service. The conversation also delves into the necessity of either robust industry standards or direct oversight for consumer protection. Lastly, they explore the potential impact of stablecoins and the relevance of the Community Reinvestment Act in today's banking landscape. Tune in for a fun yet informative ride through fintech regulation!

Michael Hsu, the Acting Comptroller of the Currency for over three years, dives into the lessons from the Silicon Valley Bank collapse and the urgent need for new liquidity regulations. He discusses the complexities of regulatory restructuring, addressing the dangers of charter shopping and how it impacts banking stability. Hsu also shares insights on cryptocurrency's dual nature—balancing its speculative risks with its innovative potential—while advocating for a regulatory framework that ensures safety and accountability in the ever-evolving financial landscape.