Fed to assess banks’ management during Covid-19
Supervisors evaluating business and operational strategies, cyber security and market risk assessments
US supervisors are set to resume their full supervisory regime with a focus on how banks’ managers have adapted to the Covid-19 pandemic, the Fed announced on June 23.
The Federal Reserve and other federal and state supervisors will examine whether management appropriately assessed the risks posed by the pandemic, and their effectiveness in responding to changes in the market.
They will also assess whether the evolving business and market situation has been addressed in banks’ long-term
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