EXCLUSIVE-U.S. Fed terminates Citi notices that demanded bank improve risk controls, sources say
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The U.S. Federal Reserve has terminated formal notices requiring Citigroup to improve its trading risk management controls. This marks a significant step in addressing oversight and control deficiencies at the bank. The notices, issued in late 2023, identified issues with how Citigroup calculates and manages trading partner risks. Both Citigroup and the Fed declined to comment on the matter, which remains confidential.
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