March 24, 2020

Federal Reserve: Additional Information Provided to Financial Institutions on How Supervisory Approach Is Adjusted in Light of Coronavirus

The Federal Reserve Board on Tuesday provided additional information to financial institutions on how its supervisory approach is adjusting in light of the coronavirus.

In particular:

The Board recognizes that the current situation is significantly affecting areas of the country in different ways and will work with financial institutions to understand the specific issues they are facing.

Federal Reserve Statement on Supervisory Activities

This post was originally published here.