The Federal Deposit Insurance Corp. is preparing a rule that would bar agency examiners from considering “reputational risk” when reviewing a bank’s operations.
The FDIC reviewed its existing regulations, guidance, examination manuals, and other policy documents for all mentions of “reputational risk” or similar terms with plans to “eradicate this concept from our regulatory approach,” acting Chairman Travis Hill said in a Monday letter to Rep. Dan Meuser (R-Pa.), who leads the House Financial Services Subcommittee on Oversight and Investigations.
Hill’s letter, obtained by Bloomberg Law, comes as the Trump administration and GOP lawmakers push to make it easier for ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.