Bank holding companies are supervised and examined by

Question

Quizplus · Accepted Answer

Bank holding companies are supervised and examined by the Federal Reserve. This is because bank holding companies are subject to the Bank Holding Company Act of 1956, which gives the Federal Reserve regulatory authority over them. The Comptroller of the Currency and the FDIC primarily regulate and supervise banks themselves, not holding companies. Internal auditors may have a role in monitoring and evaluating holding company operations, but they do not have regulatory authority or the power to conduct comprehensive examinations.

Bank Holding Companies Are Supervised and Examined by