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Wall Street Banks Press Fed to Clarify MRA Replacement Framework on May 26

GateNews
According to Jin10, citing four sources familiar with the matter, Wall Street banks are pressing the Federal Reserve to provide clearer legal guidance on the framework governing replacements for MRA (Matters Requiring Attention) as of May 26. MRA has long been used by regulators to compel lenders to address weaknesses in risk management and internal controls. The Fed plans to issue more explicit guidance to provide banks with a stable legal foundation for these regulatory changes.
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