BPI submitted a comment letter to the FDIC regarding its review of Financial Institution Letters to identify those that can be retired. BPI commended the agency on its efforts and encouraged it to seek other opportunities to retire or revise its guidance. BPI also provided a copy of the comment letter to the Federal Reserve and the OCC, encouraging those agencies to follow the FDIC’s example in review of their guidance documents to identify those that are no longer necessary or warrant revision for policy reasons.
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