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CHAPTER

5

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ROLE OF OFFSITE SURVEILLANCE NOT YET
DEFINED; BENEFITS NOT EVALUATED
Surveillance systems evolved piecemeal

with no cost-benefit evaluations
Inadequate training has led to

incomplete acceptance Timeliness, peer groupings limit

surveillance effectiveness
Surveillance not used to

allocate resources
Federal Council will not solve problems

soon
Conclusions
Recommendations to the bank regulatory

agencies
Agency comments

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FIRA

Financial Institutions Regulatory and Interest

Rate Control Act of 1978

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