Financial Institutions, Risk Management, Supervisory Guidance

OCC, FDIC eliminating ‘reputational risk’ from supervision, examinations

Ballard Spahr LLP on 4/25/2025

The OCC has removed “reputational risk” from its handbooks and guidance and the FDIC is moving to do the same. ...more

NCUA Releases its 2025 Supervisory Priorities

Troutman Pepper Locke on 1/21/2025

On January 7, the National Credit Union Administration (NCUA) released its supervisory priorities for 2025, outlining the key areas of focus for federally insured credit unions. This guidance is crucial for credit unions as...more

Final Climate Risk Guidance Ensures Supervisory Focus from Banking Agencies in 2024

Jones Day on 1/11/2024

The Situation: In October 2023, the Office of the Comptroller of the Currency ("OCC"), Federal Reserve System, and Federal Deposit Insurance Corporation ("FDIC," and the three agencies collectively, "Agencies") finalized...more

Basel Committee Issues Guidance on Core Principles for Effective Banking Supervision

Cadwalader, Wickersham & Taft LLP on 8/15/2023

In April 2022, the Basel Committee on Banking Supervision (the Basel Committee) began a review of “the core principles for effective banking supervision” (Core Principles or CP). Last month, the Basel Committee published...more

Basel Committee Seeks Public Comments on Bank Supervision

Mayer Brown Free Writings + Perspectives on 7/12/2023

On July 6, 2023, the Basel Committee on Banking Supervision (“Basel Committee”) released proposed revisions to its core principles for effective banking supervision (the “Revised Principles”). The Revised Principles are...more

The Federal Reserve Expects The Board Of Directors Of Financial Institutions To Be Effective

Foodman CPAs & Advisors on 4/26/2021

On February 26, 2021, the Federal Reserve issued Supervisory Guidance (SG) for the Board of Directors (BOD) of Domestic Bank and Savings and Loan Holding Companies requiring effective BOD oversight. ...more