Michael Hsu

Michael J. Hsu served as Acting Comptroller of the Currency from May 2021 to February 2025. As Acting Comptroller, Michael was the administrator of the federal banking system and chief executive officer of the Office of the Comptroller of the Currency (OCC).  During a period that included the crypto crash of 2022 and the banking turmoil of 2023, he also served as a Director of the Federal Deposit Insurance Corporation (FDIC), a member of the Financial Stability Oversight Council (FSOC), and chair of the Federal Financial Institutions Examination Council (FFIEC). Michael delivered over forty speeches, sharing bold ideas and engaging stakeholders on a wide range of topics, including financial stability, artificial intelligence, financial health, bank-fintech partnerships, and trust and fairness in banking.

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From 2010 to 2021, Michael served in the Division of Supervision and Regulation at the Federal Reserve Board of Governors. In that role, he helped stand up and lead the supervision program for global systemically important banks (GSIBs), implemented post-crisis regulatory reforms, and forged close working relationships with international regulatory peers.  

Michael also prudentially supervised the large independent investment banks while at the Securities and Exchange Commission from 2004 to the 2008 Global Financial Crisis (GFC).  During the GFC, he helped stand up the Troubled Asset Relief Program and oversaw AIG while at the Treasury Department. Following that, Michael assessed financial stability risks at the International Monetary Fund.  He started his career as an attorney at the Federal Reserve Board of Governors in 2002.

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Currently, Michael is an Aspen Institute Finance Leaders Fellow, a member of the Bretton Woods Committee, and an advisor to central banks, companies, and non-profits.  He collaborates with a range of stakeholders on facilitating responsible AI adoption by regulators and financial institutions.

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Credentials

• Fellow, Aspen Institute Finance Leaders and Global Leadership Network
• Member, Bretton Woods Committee
• Policy Advisor, Stripe 
• Advisor, Core Innovation Capital
• Former Acting Comptroller of the Currency, Office of the Comptroller of the Currency
• Former Director, FDIC
• Former Chair, FFIEC
• Former member, Financial Stability Oversight Council 
• Former member, Global Heads of Supervision 
• M.S. in Finance from George Washington University
• J.D. from New York University School of Law
• B.A. in Political Science from Brown University