top of page

Citigroup Faces Regulatory Challenges as Efforts to Enhance Risk Management and Oversight Come Under Scrutiny

U.S. regulatory authorities have requested Citigroup to urgently revise its methodologies for evaluating the default risk posed by its trading partners. Concurrently, Citigroup's own internal auditors have critiqued an existing plan intended to enhance internal oversight as insufficient. These developments pose potential challenges to CEO Jane Fraser's strategy to rejuvenate the bank's performance.

In the latter part of the previous year, the Federal Reserve issued three directives to Citigroup, necessitating the bank to refine its approach towards assessing counterparty default risks in derivative transactions within the ensuing months, as disclosed by an informed source.

Want to read more?

Subscribe to to keep reading this exclusive post.

Subscribe Now
8 views0 comments
bottom of page