The Federal Deposit Insurance Corporation (FDIC) has proposed new rules to limit how examiners identify and address shortcomings within lenders, continuing the Trump administration’s efforts to reduce regulatory burden, as reported by Reuters.
The FDIC issued two proposals directing examiners to focus on core financial issues and restricting their ability to police nonfinancial matters. The first proposal would narrow the definition of “safety and soundness” to only focus on issues posing material financial risk. In so doing, it would limit the use of enforcement actions to problems that have caused or could reasonably cause material harm to the financial condition of an institution.
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