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Tuesday, December 18, 2012

Fed Letter Summarizes Changes to Large-Bank Supervision

The Federal Reserve yesterday issued a letter summarizing the changes it’s made since the financial crisis to improve the supervision of large financial institutions. The updated approach focuses more on the financial system’s stability and improving the agency’s program to promote the resiliency of individual firms, the Fed said.

“The letter is intended to provide greater clarity about supervisory objectives and expectations so that institutions and the general public can better understand the Federal Reserve’s focus in supervising these large firms,” the agency said.

Read the full letter.

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