Federal Reserve Board to broaden scope of post-employment restrictions for Reserve Bank senior examiners and officers
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Federal Reserve Board to broaden scope of post-employment restrictions for Reserve Bank senior examiners and officers
The Federal Reserve Board on Friday announced it is broadening the scope of post-employment restrictions applicable to Federal Reserve Bank senior examiners and officers.
By law, senior bank examiners are prohibited for one year from accepting paid work from a financial institution that they had primary responsibility for examining in their last year of Reserve Bank employment. This post-employment restriction has applied primarily to central points of contacts (CPCs) at firms with more than $10 billion in assets.
The revised policy expands the number of Reserve Bank examiners subject to this one-year post-employment restriction to include CPCs, deputy CPCs, ... (read more)
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