Fed's Bies on risk management

In a speech on 'Using Enterprise-wide Risk Management to Effectively Execute Business Strategies' given on 16 July, Susan Schmidt Bies of the Federal Reserve said credit cards and bank overdraft protection are drawing the attention of regulators because banks don't always manage the risk in offering the fee-generating products to mid- and low-income consumers.

"Despite the differences in risk profiles and revenue streams, targeted reviews of subprime credit card lending by regulators determined

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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