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Fed revises standards for systemic FMUs
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Financial Stability
Friday, October 31, 2014
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The Federal Reserve finalized a rule amending risk management standards for financial market utilities that have been designated as systemically important. The Fed also announced final revisions to Part 1 of its Policy on Payment System Risk. The rule and policy amendments touch issues including establishing separate standards to address credit risk and liquidity risk, new requirements on recovery and orderly wind-down planning and others. Read on for the details.
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