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US Fed finalizes rule updating risk management requirements for certain systemically important financial market utilities

( March 8, 2024, 19:32 GMT | Official Statement) -- MLex Summary: The US Federal Reserve Board announced a final rule that updates risk management requirements for certain systemically important financial market utilities supervised by the board. The final updates provide additional clarity and specificity to existing requirements in four key areas of operational risk management: incident management and notification; business continuity management and planning; third-party risk management; and review and testing of operational risk management measures.Statement follows in full. Also see document below. ...

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