1. Regulations
  2. title 12
  3. chapter VI
  4. part 653
  5. § 653.2

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-4, 2279aa-6, 2279aa-8, and 2279aa-10).

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

CITE AS: 12 CFR 653.2