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Financial Institution Supervision
Sarah J. Dahlgren (bio)
Executive Vice President
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The Financial Institution Supervision Group supervises and regulates financial institutions in the Second District. Its primary objective is to maintain safe and competitive U.S. and global banking systems. Staff in the Group assess the safety and soundness of domestic banking institutions and operations of foreign banking organizations in the District through periodic onsite evaluations and offsite financial analysis and surveillance. The Group also analyzes issues and developments to identify emerging supervisory risks and develop domestic and international supervisory policy.

Financial Sector Policy and Analysis

Policy
Policy provides analytical support to the Bank on a variety of issues, including:

  • Formulating policy positions for domestic and international discussions on financial sector issues.
  • Preparing memoranda on emerging issues and risks within the financial sector.
  • Writing speeches and briefing papers for Bank management.
  • Assisting financial exam teams, as well as other Financial Institution Supervision Group colleagues, in their analyses of financial risk, capital adequacy, insurance, accounting and other issues of concern for supervisors, and helping to incorporate findings into policy guidance.
  • Responding to specific bank inquiries on capital-related issues.

Financial Sector Analysis
The Financial Sector Analysis group (FSA) provides rigorous, proactive and timely analysis to the Bank’s senior management, examiners and analysts to support the Bank's policy objectives around the effective microprudential supervision of large financial institutions and the broader macroprudential goal of maintaining financial stability. FSA focuses on assessing the strength and resiliency of the large institutions at the core of the U.S. financial system to identify emerging risks for individual firms and the broader impact on financial markets and the financial system as a whole.

Relationship Management
  • Develops and operates an oversight program for each supervised financial institution in the District.
  • Maintains relationships with financial institutions and with other domestic and foreign supervisory authorities.
  • Examiners serve as relationship specialists, financial analysts or surveillance analysts, and focus on large foreign banks, other foreign banks, large domestic banks, regional banks or community banks.
Resource and Logistics Management
  • Provides management, administrative and technical support services to the Financial Institution Supervision Group with respect to resource planning and coordination, training and development, human resources management, automation planning and implementation, and information management.
Risk Management
  • In concert with Relationship Management, implements the supervisory plans for individual institutions, assessing their risk exposures and risk management frameworks, providing cross-institutional assessments, and assisting in developing sound practice guidelines and new examination procedures in response to the changing risks in the financial industry.
  • Examiners serve as risk specialists in the following areas: operational risk, market and liquidity risk, credit risk and legal and compliance risk.
  • Financial analysts provide cross-institutional analyses and identify emerging risks in credit and capital markets.