Previous Banking in the Ninth articles discussed the Federal Reserve Bank of Minneapolis’ semiannual process for identifying high or emerging risks facing Ninth District financial institutions. The most recent list identifies cybersecurity as the most significant risk facing Ninth District institutions. Other key risks include strategic risk, agriculture credit risk and interest rate risk. You can find the full list, including key action steps for banks and holding companies for the identified risks, on this page.
Have we captured the risks your bank is facing? Are there other actions we should take to ensure that banks are appropriately managing these risks? Let us know what you think by emailing us at mpls.src.outreach@mpls.frb.org.
