Browsing: Risk management

Compliance and Risk

A recent audit conducted by the FDIC’s Office of the Inspector General found that the agency “did not establish effective processes to acquire, analyze, disseminate and use relevant and actionable threat information to guide the supervision of financial institutions,” and identified several gaps in its threat sharing framework.

Compliance and Risk

While the Federal Reserve is not planning to join onto forthcoming OCC guidance for large firms on managing climate risk, Fed Chairman Jerome Powell signaled that he would be open to coordinating the other banking agencies to ensure a consistent regulatory framework around climate risk, and that the Fed could also move to issue its own guidance in the future.

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