Unsafe or Unsound Practices, Matters Requiring Attention

Why it matters

The final rule defining 'unsafe or unsound practice' by the OCC and FDIC represents a significant regulatory clarification affecting supervisory standards and enforcement in the banking sector, with broad implications for risk management and compliance practices across federally insured institutions.

Sources

• Federal Register

  Unsafe or Unsound Practices, Matters Requiring Attention

  The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) are adopting a final rule to define the term "unsafe or unsound practice" for purposes of section 8 of the Federal Deposit Insurance Act and to revise the supervisory…