12 CFR 653.2 - General.

Regulations last checked for updates: May 09, 2024

Title 12 - Banks and Banking last revised: May 06, 2024

View all text of Part 653 [§ 653.1 - § 653.4]

§ 653.2 - General.

The Corporation's board of directors must approve the overall risk-appetite of the Corporation and regularly monitor internal controls to provide reasonable assurance that risk-taking activities are conducted in a safe and sound manner.

authority: Secs. 8.3, 8.4, 8.6, 8.8, and 8.10 of Pub. L. 92-181, 85 Stat. 583 (12 U.S.C. 2279aa-3,2279aa,2279aa,2279aa,and

source: 81 FR 49154, July 27, 2016, unless otherwise noted.

cite as: 12 CFR 653.2