US Regulators Issue Warning Over Citigroup’s Derivative Management Failures

The spotlight is on major US banking institutions as regulators flag concerns over their derivatives contingency plans. Key financial regulators, including the Federal Reserve and FDIC, have identified gaps in the banks’ “living wills.” One significant shortcoming relates to Citibank’s data management systems, impacting its derivatives wind-down strategies. US regulators are scrutinizing major banks over

Source: CoinOtag