Federal Reserve Board Member Scrutinizes Practice of Self-Grading

May 9th, 2014

At a speech on May 8, 2014, Federal Reserve Board Governor Daniel Tarullo, head of regulation, suggested ending the internationally permissible practice of allowing large financial institutions to evaluate their risk exposure and financials according to their own tests and standards.  Chairman of the Basel Committee on Banking Supervision, Stefan Ingves, also recently delivered remarks that proposed revising the international rules that allow for banks to conduct their own risk assessments.

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