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How to gain more from operational risk management practices.
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Control rule transparency changes finalized by Fed

The Federal Reserve Board yesterday approved a final rule to simplify and increase the transparency of the Board's rules in Regulations Y and LL for determining control of a banking organization. If a company has control over a banking organization, the company generally becomes subject to the Board's rules and regulations. The rule, which will become effective April 1, 2020, clarifies and increases transparency by describing the combination of factors that would and would not trigger control concerns. A chart illustrating how different combinations of factors would or would not raise control concerns accompanied the Board's press release.
UPDATE: Published at 85 FR 12398 on March 1, 2020, with an April 1, 2020, effective date.
UPDATE: On 3/31/2020, the Board announced it will postpone the effective date to September 30, 2020.

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