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Ukraine war is elevating risk for banks, US regulator warns
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fnlondon.comBanks face a more uncertain environment amid the war in Ukraine and need to shore up their risk management programs to gird against multiple negative scenarios unfolding at once, a top US banking regulator said.
So-called tail risks — unlikely but highly impactful risk events — are a growing potential issue that financial institutions’ risk departments need to grapple with, Michael Hsu, acting comptroller of the currency, said on 31 March at a conference hosted by the American Bankers Association.
“Russia’s...
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