Role of Bank Boards Shifts Toward Increased Management

, New York Law Journal


In his Domestic Banking column, Clyde Mitchell, an adjunct professor of banking law at Fordham University School of Law, writes: In the past, pursuant to U.S. corporate governance laws, bank management ran the bank (or bank holding company) and the Board supervised bank management. The new approach of the Federal Reserve Board appears to be that the Board should actually manage the bank's business as an arm of the bank's regulators.

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