Read about the initiatives undertaken to address the financial crisis in the first issue of S&R Perspectives. The electronic newsletter also reports on risk management, a program for minority and de novo banks and efforts to fight fraud.
The Federal Reserve Bank of Richmond currently supervises several de novo institutions. Banks that are designated de novo — the Latin word for "new" — are start-up banks that have many characteristics of a small business. For instance, to stay viable, they have to compete against established institutions by finding a niche.
Supervision, Regulation & Credit