Banking Supervision at the Federal Reserve: The Times are a Changing

December 2011
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Banking Supervision at the Federal Reserve: The Times are a Changing

At a glance

December 2011 - The executive vice president responsible for Bank Supervision at the Federal Reserve Bank of New York (FRBNY) recently addressed the New York Bankers Association and her address focused on the changes that the FRBNY has made to enhance the supervisory process both in terms of their staffing and supervisory approach.

Sarah Dahlgren, the executive vice president responsible for Bank Supervision at the Federal Reserve Bank of New York (FRBNY) recently addressed the New York Bankers Association. Her speech focused on the changes that the FRBNY has made to enhance the supervisory process both in terms of their staffing and supervisory approach. We believe this should prompt Bank Management to reconsider and refine their approach to regulatory relationships and interaction.

Given that forewarned is forearmed, we believe firms should be taking actions now to assess their vulnerability and prepare for new supervisory assessments.