2  This weak economic outlook, along with the persistence of inflation below most central bank’s targets, has led to more accommodative monetary policy stances in advanced and emerging economies.
Supervising a consolidated banking organization requires review of all risks on an enterprise-wide basis, not just review of the risks contained in each subsidiary legal entity. To this end, the Federal Reserve is nearing completion of enhancements to its supervisory guidance to clarify our role as consolidated supervisor of bank and financial holding companies.