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Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.

FRB approves supervision of U.S. bank holding companies

06 March 2014  |  991 views  |  0

The Federal Reserve Board (FRB) has approved a final rule strengthening supervision and regulation of large U.S. bank holding companies and foreign banking organisations.  The final rule establishes a number of enhanced prudential standards for large U.S. bank holding companies and foreign banking organizations to help increase the resiliency of their operations. These include increased risk reporting to the Board of Directors and increased responsibilities for the Chief Risk Officer. 

Related link:

http://www.federalreserve.gov/newsevents/press/bcreg/20140218a.htm 

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