Federal Regulatory & Legislative Updates
Proposal to Focus Supervision on Material Financial Risks
The OCC and the FDIC have issued a joint notice of proposed rulemaking that would continue their effort to focus supervision on material financial risks. The proposal would define the term “unsafe or unsound…
The OCC and the FDIC have issued a joint notice of proposed rulemaking that would continue their effort to focus supervision on material financial risks. The proposal would define the term “unsafe or unsound practice” for purposes of section 8 of the Federal Deposit Insurance Act and revise the supervisory framework for the issuance of matters requiring attention (MRAs) and other supervisory communications. Comments are due 60 days after the date of publication in the Federal Register.
Author: sdbrownlow
Student of Design