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How to gain more from operational risk management practices.
Modern risk management technology solutions improve efficiency and provide greater visibility into risks. Today’s tools provide real-time visibility, action plans, enhanced reporting and business intelligence, and proactive notifications for operational risk. Real-time data empowers banks and financial services organizations to proactively manage risks and instantly detect and mitigate emerging issues. Click here to learn more.

FRB proposes new Reg XX

A Federal Reserve Board press release has announced approval of a Notice of Proposed Rulemaking (NPR) inviting comments on a proposed rule (Regulation XX) that would implement section 622 of the Dodd-Frank Act. A financial sector concentration limit would be established that generally prohibits a financial company from merging or consolidating with, or acquiring, another company if the resulting company's liabilities upon consummation would exceed 10 percent of the aggregate liabilities of all financial companies as calculated under that section. In addition, the proposal would establish reporting requirements for certain financial companies. Comments must be received by July 8, 2014. [Editor's note: Federal Register publication date May 15, 2014.]

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