Washington, D.C. – The FDIC and OCC this morning issued a joint rulemaking to strengthen the bank supervisory framework by establishing more effective and rational standards for how examiners define unsafe and unsound practices and employ Matters Requiring Attention. Greg Baer, BPI President and CEO, issued a response:
“Today’s proposed rule should help to refocus the examination process on material financial risks. Furthermore, it seeks public comment on how best to do that — in contrast with a previously opaque process. Thankfully, and to make them truly effective, these proposed reforms will be accompanied by reform of the LFI rating system for holding companies — already proposed by the Federal Reserve Board — and the anticipated revisions to the CAMELS rating system for banks.”
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About Bank Policy Institute.
The Bank Policy Institute is a nonpartisan public policy, research and advocacy group that represents universal banks, regional banks and the major foreign banks doing business in the United States. The Institute produces academic research and analysis on regulatory and monetary policy topics, analyzes and comments on proposed regulations, and represents the financial services industry with respect to cybersecurity, fraud, and other information security issues.
Media Contacts
- Austin Anton, Bank Policy Institute, austin.anton@bpi.com
