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Recommendation Details
Text of Recommendation
Develop an approach for transitioning institutions from the regional banking organization (RBO) portfolio to the large and foreign banking organization (LFBO) portfolio and determine how best to involve LFBO Supervision earlier, such as through joint reviews with RBO Supervision, and how to more timely form a dedicated supervisory team. Based on the approach developed, finalize and issue formal guidance on transitioning RBOs to the LFBO portfolio that includes steps and a timeline for forming a DST, approaches for the two Supervision sections to collaborate, and a list of potential RBO and LFBO joint reviews to conduct to better prepare an institution for the transition.
Recommendation Number
Recommendation Status
Significant Recommendation
Associated Report Details
Submitting OIG
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