Big banks could face new recordkeeping requirements

The Federal Deposit Insurance Corporation has proposed new recordkeeping requirements for federally-insured institutions with more than 2 million customer accounts. The move is intended to facilitate rapid payment of deposits to customers if the institutions were to fail. Banks would be required to ensure that their information technology systems are ...

This is members-only content

You are not logged in and your 1 free access to members-only content has been used up.

If you are already a registered user or a member, SIGN IN now.