Fed's Bies on enterprise risk management

In the speech 'A supervisory perspective on enterprise risk management' given on 17 October Susan Schmidt Bies of the Federal Reserve said that bankers need to beware of their home mortgage lending because there were signs that U.S. housing markets are under stress.

"We have had clear initial signals in recent months that housing prices are no longer rising as they had been and are declining modestly in some key markets," Bies said in the speech to the American Bankers Association in Phoenix.

"Whi

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