| Text of Recommendation | Proactive horizontal identification and monitoring of similarities across banks – including like business characteristics and risks, and like reputational characteristics – that may result in similar behaviors amongst their depositors, including shared risk characteristics that may result in increased contagion risk between institutions. |
|---|---|
| Recommendation Number | 7 |
| Recommendation Status | Open |
| Significant Recommendation | No |
| Submitting OIG | |
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| Linked Report |