Acting Comptroller Issues Statement on Financial Stability Oversight Council’s Annual Report — 2023-12-14

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued the following statement at the Financial Stability Oversight Council (FSOC) meeting: Madam Secretary, we have seen a number of stresses and challenges in the financial system this past year. I would like to thank you for your strong and committed leadership of the Council during this time. I would also like to commend the work of the Council’s working groups, including the Mortgage Servicing Task Force and the Hedge Fund Working Group, and also the Inter-Agency Working Group on Treasury Market Resilience, for their efforts identifying and monitoring emerging financial stability risks. I also extend my thanks to the Council staff and the staff of the other agencies for their work on the annual report and their efforts throughout the year to support the Council. I support the issuance of the FSOC annual report and its recommendations.