November 9, 2023· 36 min

The OCC’s Michael Hsu on the Big Risks Facing Banking Businesses Right Now

Michael Hsu

Orality

Model

87%

Highly oral (epic poetry, sermons, hip-hop)

Speaker Breakdown

HostJoe Weisenthal(1,963 words)

M:94%

HostTracy Alloway(4,263 words)

M:29%

GuestMichael Hsu(0 words)

M:94%

Oral Indicators

Agonistic26%

very, basically, crazy

Engagement72%

you, our, your

Memory Aids100%

listen, so, now

Repetition100%

like (80x), it's (67x), know (61x)

Parallelism88%

So why would I pay for stuff I..., And I'm Joe Wasenthal...., So, Joe, we've had a busy few ...

Sound Patterns87%

68 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases10%

at the end of the day, you know what, i mean

Literate Indicators

Hedging9%

might, could, maybe

Passive Voice7%

was supposed, was pushed, be interested

Abstract Nouns18%

investment, business, verizon.com/business

Subordination9%

while, because, though

Sentence Length26%

Avg: 11.4 words/sentence

Word Complexity46%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style28%

563 personal pronouns found

Descriptive Style68%

exactly, apply, monthly

Description

Earlier this year, we saw the collapse of Silicon Valley Bank and Silvergate Bank following a run on deposits and big losses on their portfolios of bonds. Since then, regulators have been discussing changes to existing bank regulation, prompting existential questions about the future of the US lending landscape. But there are other risks lurking in the banking system too — including those created by new technology and changing business models. In this episode, recorded live at Money 20/20 in Las Vegas, we speak with Michael Hsu, the acting comptroller of the Office of the Comptroller of the Currency. He talks about banking regulation, crypto contagion, the rise of banking-as-a-service (BaaS) and the supply chain of payments. See omnystudio.com/listener for privacy information.

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