Federal banking regulators are considering baseline operational resilience requirements for large banks with critical operations, Acting Comptroller of the Currency Michael Hsu said.
March 13, 2024 / By ICBA
Federal banking regulators are considering baseline operational resilience requirements for large banks with critical operations, Acting Comptroller of the Currency Michael Hsu said.
Details: Speaking in Washington, Hsu said the baseline rules could include establishing clear definitions for identifying critical activities and core business lines, requiring testing and validation of resilience capabilities, and incorporating third-party risk management expectations.
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