fed speech, 2006-04-28
A few recurring recommendations from these types of reviews that may be applied to corporations more generally are to (1) ensure that loan officers do not have the ability to book and maintain their own loans; (2) limit employee access to those loan system computer applications that are inconsistent with their responsibilities; and (3) provide line staff with consistent guidance, in the form of policies and procedures, on how to identify and handle unusual transactions.
Sentiment: neutral
Topic: mp_economic_activity