The FDIC today announced that it will reinstate the Supervision Appeals Review Committee as the final level of review in the agency’s supervisory appeals process.
While the examining agencies are signaling that portions of most exams will continue to be conducted on-site, it is now clear that some form of remote exams will continue.
As the FDIC chief prepared to resign before her term was up, she discussed the agency’s progress on innovation, financial inclusion and more.
The outgoing FDIC chairman discusses bank innovation, FDITech, post-COVID exams and the agency’s COVID response in part one of this interview.
The Federal Financial Institutions Examination Council issued a statement of principles on examination information requests.
The American Bankers Association encouraged the FDIC today to maintain flexibility as it thinks about how best to conduct exams post-pandemic.
Federal Reserve Governor Michelle Bowman said in a speech today that the as the Fed adapts its supervisory principles for the future, it must enhance transparency around supervisory expectations for safety and soundness and consumer compliance matters.
The FDIC is seeking feedback on its supervisory approach to examinations during the pandemic, including on-site and off-site activities, use of technology and communication methods, according to a request for information published in the Federal Register today.
Panel during ABA’s Regulatory Compliance Conference discussed was how the Biden administration’s focus on racial equity could alter agencies’ approach to governance and oversight.
The Federal Reserve today issued its final rule codifying that regulatory guidance does not have the force and effect of law, granting much of a joint petition filed by ABA and the Bank Policy Institute that sought a formal rulemaking to ensure that banking organizations would not need to rely on a 2018 interagency statement to clarify the role of guidance.