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Report: Fed's lack of guidance on enforcement actions is risky

Thursday, May 16, 2019   (0 Comments)
Posted by: Amanda Averch
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The Federal Reserve's policy of relying exclusively on the judgment and experience of bank examiners to decide when to initiate enforcement actions is risky because "institutional knowledge can disappear in times of turnover," such as after the financial crisis, according to a Government Accountability Office report.

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