Risk Management

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FSR advocates for the development of robust risk management practices that protect the financial and reputational strength of financial institutions, their customers, and the financial system. Risk management priorities cover insurance industry, systemic risk, prudential risk, and enterprise risk issues.

Policy discussions in this area are continually informed though input for executives that serve on the FSR Risk Management Policy Committee as well as the FSR Chief Risk Officers Council.

Current Risk Management Priorities:

  • Cybersecurity
  • Federal Government Involvement in Insurance Regulation
  • Reauthorization of the National Flood Insurance Program
  • Capital Planning & Stress Testing Requirements
  • Resolution and Recovery Plan Requirements
  • The Designation Process of the Financial Stability Oversight Council
  • Patents and Intellectual Property
  • Capital Standards for Financial Entities (Bank & Non-Bank)
  • Bankruptcy Reform and “Too Big to Fail” Issues
  • Swaps & Derivatives
OCC D-FAST Information Collection Requirements

FSR urges the OCC to harmonize its information collection requirements with the Federal Reserve with respect to the information banks must submit as part the annual Dodd-Frank Act Stress Test (D-FAST). FSR notes that harmonization will help improve data quality. FSR also asks that banks be given at least six months to adapt to other changes...

FSR’s 2017 Priorities

  Modernizing Financial Regulation to Create Opportunity and Grow the Economy FSR supports a financial regulatory system effectively tailored to grow the economy and create jobs, while protecting taxpayers and the consumers we serve. That means ensuring people have the opportunity to buy a home or send their children to college, insure...

Requirements for Accepting Private Flood Insurance Policies

n its response to a joint-proposal from five federal agencies on when lenders may accept private flood insurance policies (the Federal Reserve, OCC, FDIC, NCUA, and Farm Credit Administration), FSR noted that the proposal’s requirements will likely stifle the ability of insurers to create a vibrant private-sector market for flood insurance...

Joint-Trade Letter on Proposed Cyber Requirements from the New York Division of Financial Services

Comparison of U.S. and E.U. Proposals Establishing a Net Stable Funding Ratio (NSFR)

FSR along with six other financial trade associations note differences between the NSFR proposals of the Federal Reserve and the European Union. Notably many of the elements within the E.U. NSFR proposal require lower funding levels than what would be required under the rules proposed by the Federal Reserve.