Skip to Primary Navigation

Skip to main content

FDIC, OCC seek formal elimination of reputational risk assessments

Montage of the logos of OCC and FDIC.
GRIP Montage: Getty Images

Alexander Barzacanos

2 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

The notice of proposed rulemaking that would formally end reputational risk assessments comes months after the agencies removed the practice from guidance manuals and internal checklists.

The Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released a notice of proposed rulemaking (NPRM) that would formally end the use of “reputational risk” as a basis for supervisory scrutiny, enforcement actions, or guidance documents.

The proposed rule would ban banking regulators

, , , , , , ,