Supervision & Regulation

OUR SUPERVISORY APPROACH
The Supervision Group takes a risk-focused approach based on a supervisory plan that is customized to a firm’s risk profile and organizational structure.
THE EXAMINATION PROCESS
Examination of a firm may be conducted either on-site or off-site, and may be full scope or target, depending on the risks and complexity of the firm, as well as the current rating.
THE SUPERVISORY TEAMS
Supervisory teams can be responsible for one specific firm, in the case of large complex financial firms, or be responsible for a portfolio of firms, in the case of community and regional banks and many foreign financial firms.
Recent Developments
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Consumer Compliance

In July 2011, much of the Board's rule writing and some of its supervisory authority regarding consumer protection transferred to the Consumer Financial Protection Bureau, which was established under the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act.

The Board retains supervisory authority regarding consumer protection for state member banks with assets of $10 billion or less (other than those that are affiliated with insured banks with assets of more than $10 billion), as well as responsibility for examinations of all state member banks, regardless of asset size, for compliance with the Community Reinvestment Act, Fair Housing Act, and Servicemembers' Civil Relief Act.