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ARTICLE · 24 APRIL 2015

Financial Regulatory Developments - April 21, 2015

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Financial Regulatory Developments - April 21, 2015

United StatesFinance and Banking
A&O Shearman
A&O Shearman
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Bank Prudential Regulation & Regulatory Capital

US Federal Reserve Board Outlines Organizational Structure of the Large Institution Supervision Coordinating Committee

On April 17, 2015, the US Board of Governors of the Federal Reserve System, Division of Banking, Supervision and Regulation issued information regarding the operating structure of the Large Institution Supervision Coordinating Committee supervisory program. SR Letter 15-7 provides information on the program's organizational structure, including the roles and responsibilities of the committees, subgroups and dedicated supervisory teams that collectively comprise the LISCC's governance structure. Established in 2010, the LISCC program aims to oversee and supervise the largest, most systemically important financial institutions using a centralized process and is comprised of senior Federal Reserve Board and Federal Reserve Bank officers and financial professionals.

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