As one of the major problems in fraud risk management was time delays in dealing with a fraud, we have prescribed time limits within which certain actions like investigating for fraud should be completed and a decision on whether an account is indeed a fraud or not is made.
Working with the Treasury and the FDIC, it agreed to lend, but did not in fact extend credit, as part of ring-fence arrangements established for two additional firms, Bank of America and Citigroup. See Domanski, Moessner, and Nelson, “Central Banks as Lenders of Last Resort,” in note 5.