Chuck Schumer said "I fought to have included in Dodd-Frank a provision, Section 165(h), requiring all banks with over $10 billion in assets and all nonbank financial firms supervised by the Fed to have a separate risk committee that includes at least one 'risk management expert having experience in identifying, assessing, and managing risk exposures of large, complex firms.'" @ PoliticalQuotes.com

On the recordJune 5, 2012

I fought to have included in Dodd-Frank a provision, Section 165(h), requiring all banks with over $10 billion in assets and all nonbank financial firms supervised by the Fed to have a separate risk committee that includes at least one 'risk management expert having experience in identifying, assessing, and managing risk exposures of large, complex firms.'

Said by

Chuck Schumer

Democratic · New York

Source

congress.gov

Editor's note · Context

Schumer discusses the importance of risk management committees in large banks under Dodd-Frank.

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