Updated GFOA Best Practice: Using Safekeeping and Third-Party Custodian Services
Thursday, April 30, 2020 in Press
The safety of public funds should be the primary investment objective of all governments. One of the most important protections and a control against fraud is the separation of the safekeeping function from the investment function.
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The Federal Reserve called the banking system strong but imposed new restrictions to keep it that way at least through the third quarter 2020, according to CNN Business.