Federal Reserve focuses on emerging risks

Description

Abstract: Late last year, the Federal Reserve released its inaugural Supervision and Regulation Report. The report is designed to summarize banking conditions and the Fed’s supervisory and regulatory activities. This article offers some highlights from the report, including the facts that the U.S. banking system is generally strong and loan growth remains robust. But the article states that some large financial institutions continue to work to meet supervisory expectations in specific risk management areas involving weaknesses in compliance, internal controls, model risk management, operational risk management and information technology infrastructure, among others.