The portfolio approach helps ensure that the
supervisory program is tailored to the size and complexity of individual firms, that oversight of similar firms is conducted in a consistent manner, and that supervision within each portfolio benefits from a cross-firm perspective (Board of Governors of the Federal Reserve System 2015a).
with a theme Managing Cyber Security in the Age of Digital Transformation, BSP Deputy Governor Chuchi Fonacier said the central bank is continuously enhancing its supervisory framework through the issuance of necessary guidelines, public advisories and memoranda as well as adoption of a robust and dynamic
supervisory program.
supervisory program for nonbanks, beginning with payday lenders,
Walt Miles is responsible for the division's
supervisory program for large, complex banking organizations.
Full and adequate disclosure of information by the GSEs regarding their financial conditions and risks is an important part of OFHEO's
supervisory program, according to OFHEO.
* Each LCBO is assigned a team of Federal Reserve supervisors, who conduct an ongoing
supervisory program based on the risks that have been identified in the organization's operations.
Today, I will discuss current strategies to minimize the frequency and costs of these unusual cases, recognizing that no
supervisory program can prevent all failures.
As part of the Federal banking agencies' Year 2000
supervisory program, supervisors will assess the development and content of banking organizations' contingency plans, including those that address funding and liquidity needs.
Detailed information about our
supervisory program is attached as an addendum to this testimony and is readily available on a web site maintained by the Federal Reserve on behalf of these agencies.(1)
The Federal Reserve was still in the process of developing improved examination procedures and assessment systems (including, as I discuss below, an improved
supervisory program, rating system, and examination manual).
