According to sources familiar with the matter, the Federal Reserve has notified Citigroup that it has closed the official notice requiring Citi to fix the lack of transaction risk management. This is a major step forward in improving the lack of supervision and control, and related issues have bothered Citi a lot. According to previous media reports, the Federal Reserve issued a notice to Citi at the end of 2023 requesting the resolution of three so-called “matters requiring immediate attention”, pointing out Citi's problems, including how to calculate and manage the risks of trading partners, and how to reserve capital to cushion potential losses from these transactions. The sources said these notifications have now been terminated. Citi and US Federal Reserve Board officials responsible for overseeing large banks declined to comment.

According to sources familiar with the matter, the Federal Reserve has notified Citigroup that it has closed the official notice requiring Citi to fix the lack of transaction risk management. This is a major step forward in improving the lack of supervision and control, and related issues have bothered Citi a lot. According to previous media reports, the Federal Reserve issued a notice to Citi at the end of 2023 requesting the resolution of three so-called “matters requiring immediate attention”, pointing out Citi's problems, including how to calculate and manage the risks of trading partners, and how to reserve capital to cushion potential losses from these transactions. The sources said these notifications have now been terminated. Citi and US Federal Reserve Board officials responsible for overseeing large banks declined to comment.