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ARTICLE · 09 MARCH 2023

FRB Releases LISCC Supervision Manual

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The Federal Reserve Board ("FRB") released its Large Institution Supervision Coordinating Committee ("LISCC") Program Manual last week. Governor Michelle Bowman had hinted that the manual...

United StatesFinance and Banking
Daniel Meade
Daniel Meade
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The Federal Reserve Board ("FRB") released its Large Institution Supervision Coordinating Committee ("LISCC") Program Manual last week. Governor Michelle Bowman had hinted that the manual would be coming soon in recent remarks to the American Bankers Association Community Banking Conference, and which we discussed last week.

The LISCC Program is the FRB's supervisory program for the eight global systemically important banking institutions ("G-SIBs") headquartered in the United States. The LISCC Manual provided an overview of the LISCC program, including information on structure of the program in the FRB, a discussion of the LISCC supervisory cycle, and how the LISCC program coordinates with other supervisors.

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