FDIC and OCC issue final rule to eliminate reputation risk
The U.S. Office of the Comptroller of the Currency (OCC) along with the Federal Deposit Insurance Corporation (FDIC) jointly issued a final rule that codifies the elimination of reputation risk from their supervisory programs. The final rule defines “reputation risk” and prohibits the agencies from criticizing or taking adverse action against an institution on the basis of reputation risk. Further, the rule prohibits the FDIC and OCC from requiring, instructing, or encouragin...
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