NY Fed President and CEO William Dudley encouraged financial institutions to ensure that incentives are aligned with responsible behavior, and that controls are in place for the early detection of misconduct.
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The Board of Governors of the Federal Reserve System is seeking to impose a fine and a permanent banking industry bar on a former head of a NY-based foreign exchange spot trading desk.
The Office of the Comptroller of the Currency detailed key risks facing the federal banking system in its Semiannual Risk Perspective for Fall 2017.
The Board of Governors of the Federal Reserve System Vice Chair for Supervision Randal Quarles advocated for a more tailored approach to supervising banks.
The Board of Governors of the Federal Reserve System extended until February 15, 2018, the comment deadline for two proposals related to changing the ratings system for large financial institutions.