Federal financial regulators invited comment on a proposal outlining and confirming the agencies’ use of supervisory guidance for regulated institutions. The proposal would codify their September 2018 statement clarifying the differences between regulations and guidance.
Agencies propose regulation on supervisory guidance
October 30, 2020 / By ICBA
Federal financial regulators invited comment on a proposal outlining and confirming the agencies’ use of supervisory guidance for regulated institutions. The proposal would codify their September 2018 statement clarifying the differences between regulations and guidance.
Federal financial regulators invited comment on a proposal outlining and confirming the agencies’ use of supervisory guidance for regulated institutions. The proposal would codify their September 2018 statement clarifying the differences between regulations and guidance.
The proposed language notes that supervisory guidance does not have the force and effect of law and that the agencies do not take enforcement actions or issue supervisory criticisms based on non-compliance with supervisory guidance.
Comments will be accepted for 60 days following publication in the Federal Register.
Subscribe now
Sign up for the Independent Banker newsletter to receive twice-monthly emails about new issues and must-read content you might have missed.
Sponsored Content
Featured Webinars
Join ICBA Community
Interested in discussing this and other topics? Network with and learn from your peers with the app designed for community bankers.
Subscribe Today
Sign up for Independent Banker eNews to receive twice-monthly emails that alert you when a new issue drops and highlight must-read content you might have missed.
News Watch Today
Join the Conversation with ICBA Community
ICBA Community is an online platform led by community bankers to foster connections, collaborations, and discussions on industry news, best practices, and regulations, while promoting networking, mentorship, and member feedback to guide future initiatives.
Join the Community Example Text
