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