Which of the following is NOT a requirement of Regulation F?
Which of the following is NOT a requirement of Regulation F?
Regulation F, also known as 12 CFR Part 250, outlines requirements for managing exposures to correspondent banks. This includes writing and maintaining policies and procedures, monitoring exposure regularly, and establishing internal limits on exposure. However, providing quarterly reports to the board of directors of compliance audit results is not explicitly mentioned as a requirement of Regulation F. Therefore, the correct answer is the option not related, which is providing quarterly reports.
Regulation F, also known as 12 CFR Part 250, outlines the requirements for relationships between member banks and their correspondent banks. However, providing quarterly reports to the board of directors of compliance audit results is not specifically mentioned as a requirement under Regulation F. While internal audits and reporting mechanisms are important for regulatory compliance and risk management, they are not explicitly outlined in Regulation F. Therefore, option D is the correct choice.