3/5/18 - Federal Reserve Proposes Enhanced Risk Management Expectations for Large Financial Institutions
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3/5/18 - Federal Reserve Proposes Enhanced Risk Management Expectations for Large Financial Institutions

The Federal Reserve Board in January proposed guidance aimed at strengthening risk management at large U.S. banks, foreign banking organizations with major U.S. operations, and nonbanks designated as systemically important by the Financial Stability Oversight Council. The proposal will consolidate, clarify, and update the Federal Reserve’s supervisory expectations on various aspects of a banking organization’s risk management and is part of a larger initiative to develop a new supervisory rating system consistent with the Federal Reserve’s post-crisis supervision framework for large financial institutions.

Please click “Read More” below to read a Sightlines InFocus by Julie Williams, William Lang, and Justin Guo that discusses key aspects of the new guidance and how it overlaps with, and differs from, existing regulatory guidelines, such as the Office of the Comptroller of the Currency’s heightened standards for large financial institutions.

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