Enforcement Actions: Has Much Changed in the Last Decade?
- Topics:
- Reporting and Control
- Tags:
- Business Operations,
- Corporate Governance,
- Corporate Law,
- Enforcement Action,
- Fredrikson & Byron P.A.,
- Government,
- Regulations
- Source:
- Fredrikson & Byron P.A.
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Overview: The article overviews that as the economy and regulatory climate, enforcement actions are on the rise. Review your corporate governance and board practices with counsel. Before entering into any enforcement actions, bank directors and management need to fully understand the provisions, the ramifications of agreeing to abide by certain provisions and the ramifications of failing to comply with executed enforcement actions. Enforcement actions, as originally drafted and presented by the regulators, are broadly worded, leaving maximum discretion and interpretation with the regulator. Thus, it says that enforcement actions need to be carefully evaluated and discussed with counsel.
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Format: HTML | Date: Sep 2002 | Pages: 1
