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Bank of New York Issues Remarks on Evolving First Line of Defense
April 17, 2018
NEW YORK, April 17 -- The Federal Reserve's Bank of New York issued the text of the following remarks by Michael Held, executive vice president and general counsel at the 1LoD summit:

Good morning. It's an honor to join you at the 1LoD Summit. The views I express today are my own, not necessarily those of the Federal Reserve Bank of New York or the Federal Reserve System.1

I've heard it said that being in the risk control business can be, and often is, a thankless task. . . .

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