U.S. Bank Regulators Remove Reputation Risk References From Interagency Documents, Extending Earlier Supervisory Rollback
Updated
Updated · Federal Reserve · Jun 2
U.S. Bank Regulators Remove Reputation Risk References From Interagency Documents, Extending Earlier Supervisory Rollback
3 articles · Updated · Federal Reserve · Jun 2
Federal bank regulators jointly scrubbed additional references to “reputation risk” from interagency documents, broadening an earlier move that ended its use in supervision.
The Federal Reserve, FDIC and OCC said the concept could be misused to pressure banks to deny services to lawful businesses or individuals over protected political or religious beliefs, speech or conduct.
The agencies said the revisions are meant to keep supervisory decisions tied to material financial risks and to make oversight standards clearer and more precise.
June 2’s update is limited to document changes for now, but the agencies said they are still reviewing supervisory materials and could revise more documents later.