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.
Questioned Costs
$0
Funds for Better Use
$0
Recommendation Status
Open
Source UUID
31b808d9-29da-4040-b830-3d4e22e6dccf-4
Recommendation Number
4
Significant Recommendation
No