The Clearing House Association has partnered with the American Association of Bank Directors (AABD) and the Independent Community Bankers of America (ICBA) in filing an amicus brief supporting business judgment rule protection of bank directors and officers in an action brought by the FDIC as receiver of a failed North Carolina bank. The brief, FDIC v. Rippy, highlights the public policy rationale for, and critical importance of, the protection from liability offered to directors and officers by the business judgment rule.
You Might Also Be Interested In...
AML, Bank Secrecy Act and Sanctions BPI Submits Comment Letter to FinCEN Regarding AML Program Effectiveness
Bank Governance BPI Offers Recommendations to NY Financial Services Regulator on a Re-Proposed Regulation on Disclosure of Confidential Supervisory Information
Cybersecurity BPI Files Comment Letter with U.K. Banking Authorities in Response to Operational Resilience Proposals
Regulatory Reporting and Accounting BPI Submits Comment Letter to Banking Agencies on Revisions to Call Report
Consumer Affairs BPI Joins Joint Coalition Comment Letter Responding to CFPB NPR on General Qualified Mortgage Definition
More Posts by This Author
Bank Capital and Stress Testing GSIB Method 2 Fixed Coefficients Must Be Adjusted for Economic Growth
AML, Bank Secrecy Act and Sanctions BPI Endorses Legislative Compromise to Reform Anti-Money Laundering Framework and End Anonymous Shell Companies
Bank Activities and Structure BPI Asks OCC to Furnish Data Used to Support Rushed Fair Access Proposal in FOIA Request