Governing the Financial or Bank Holding Company: How Legal Infrastructure Can Facilitate Consolidated Risk Management

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Governing the Financial or Bank Holding Company: How Legal Infrastructure Can Facilitate Consolidated Risk Management

March 2003 Volume 9, Number 3

JEL classification: G34, G38, K2, M4

Author: ThomasC.Baxter,Jr.

On October 25, 2002, Thomas C. Baxter, Jr., General Counsel and Executive Vice President of the Federal Reserve Bank of New York, presented the following remarks at the Puerto Rico Bankers Association conference “Financial Transparency and Corporate Governance of Financial Institutions after the Sarbanes-Oxley Act of 2002” in San Juan, Puerto Rico.

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