OCC, FDIC cement drill-down on ‘material financial risks’
The agencies said the changes would provide greater clarity and certainty for banks, while critics say revisions will weaken supervision.
The agencies said the changes would provide greater clarity and certainty for banks, while critics say revisions will weaken supervision.
BELLINGS Intelligence Score: 62
Why it matters
The OCC and FDIC clarifying definitions around 'material financial risks' represents a significant regulatory development that could affect bank supervision and risk management practices industry-wide, with potential implications for credit availability and regulatory certainty.
Sources
Banking Dive
OCC, FDIC cement drill-down on ‘material financial risks’
The agencies said the changes would provide greater clarity and certainty for banks, while critics say revisions will weaken supervision.