Fed's Olson on compliance risk management

In the speech 'Compliance risk management in a diversified environment' given on 16 May Mark Olson of the Federal Reserve said the Fed is pleased that large banks are creating senior positions to oversee whether institutions are in step with regulations and laws in every niche of their business.

Many large banking organizations are creating a corporate-level function to oversee enterprise-wide compliance risk management programs, Olson said in his remarks to the Financial Services Roundtable.

"The

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