Question: After reading FRB Supervisory Letter, Compliance Risk Management Programs and Oversight at Large Banking Organizations Actions and the Basel Committee on Banking Supervision, Guidelines, Corporate

After readingFRB Supervisory Letter,Compliance Risk Management Programs and Oversight at Large Banking Organizations

Actions

and theBasel Committee on Banking Supervision, Guidelines, Corporate Governance Principles for Banks,

Actions

compare the way that they approach

  • The compliance and risk management responsibilities of:
    • Boards of directors
    • Senior management
  • The independence of compliance staff
  • Compliance monitoring and audits

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