12 CFR 653.2
§ 653.2 General.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 653.2, § 653.2 General, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48319
- Permanent ID
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af654f7c95d48113fe7420d1a94e50040456175227e98a101d7502af8444ddcd
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Full text
The Corporation's board of directors must approve the overall risk-appetite of the Corporation and regularly monitor internal controls to provide reasonable assurance that risk-taking activities are conducted in a safe and sound manner.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.