FDIC overhauls review process for deposit insurance applications

Why it matters

The FDIC's overhaul of the deposit insurance application process represents a significant regulatory and structural change aimed at accelerating bank formation, which could materially impact credit availability and market structure in banking. This change affects a broad set of stakeholders and signals a shift in regulatory approach, making it highly relevant for credit-market professionals.

Sources

• ABA Banking Journal

  FDIC overhauls review process for deposit insurance applications

  The FDIC announced a new, two-phase process for deposit insurance applications meant to speed up agency reviews and encourage de novo bank formation. The post FDIC overhauls review process for deposit insurance applications appeared first on ABA Banking Journal .