Fed pivots to material risk – but what is it, exactly?
Top US bank regulator will prioritise risks that matter most, but they could prove hard to pinpoint
With a new slate of leaders overseeing US bank supervision, the Federal Reserve is shifting focus. In a statement issued in late 2025, supervisors were urged to spend less time cataloguing procedural missteps and more time zeroing in on material financial risks.
The shift is widely welcomed by bankers – and some former regulators – as a long-overdue attempt to bring clarity and focus to an often
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