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Fed unveils “sharpened” supervisory operating principles

The eagle statue sits on the Marriner S. Eccles building of the Federal Reserve Board in Washington, DC
Photo: Alex Wong/Getty Images

The memo shifts exam priorities, MRAs, and horizontal reviews toward material financial risks.

The Federal Reserve Board has released a new set of supervisory operating principles that it says will “sharpen” examiners’ focus on material financial risks and streamline how issues are identified and remediated across the banking system.

The principles direct Board and Reserve Bank staff not to assume that past practices

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