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Citigroup Faces Continued Regulatory Pressure on Risk Management

Citigroup Faces Continued Regulatory Pressure on Risk Management

by Starling Insights

Starling Insights Editorial Board

Observations

U.S. Federal Reserve officials are frustrated with Citigroup's pace of progress in the two years since they reprimanded the bank for issues with its risk management systems. In a meeting with the bank's board over the summer, regulators warned that there could be repercussions for its perceived lack of progress in making the much-needed improvements. The bank is due to release its plan for ameliorating these concerns this month.

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