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Prudential SupervisionWhat Works and What Doesn't$
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Frederic S. Mishkin

Print publication date: 2002

Print ISBN-13: 9780226531885

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226531939.001.0001

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Supervising Large Complex Banking Organizations

Supervising Large Complex Banking Organizations

Adapting to Change

(p.97) 3. Supervising Large Complex Banking Organizations
Prudential Supervision

Laurence H. Meyer

University of Chicago Press

This chapter presents a speech by Lawrence Meyer, a governor of the Federal Reserve System, which addresses the issue of how the Federal Reserve System is approaching the supervision of what he calls large complex banking organizations. Meyer's speech indicates that the Federal Reserve has groups that are engaged in intensive study of how best to supervise these large organizations and that the Federal Reserve's thinking is taking two directions. First, there is a growing emphasis on a supervisory approach in which examiners focus on the adequacy of banks' risk management and internal models to determine the amount of capital needed to cope with market and credit risk. Second, there is increased emphasis on the use of market discipline to create the right incentives for these large, complex banking organizations.

Keywords:   Federal Reserve System, bank regulation, complex banking organizations, bank supervision, risk management, market discipline

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