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NY, introduced companion legislation of the Senate’s FIRM Act to remove reputational risk as a component in bank supervision.
On March 24, acting FDIC Chairman Travis Hill informed Congress that the agency is preparing to eliminate the use of “reputation risk” as a basis ...
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US takes firm stand to eliminate reputational risk in banking, stirring debate in South AfricaThe US has taken a bold step that South Africa’s banking regulators can no longer ignore: stripping "reputational risk" from federal banking oversight. The US Banking Committee announced this week ...
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Nedbank: A reputational risk to black peopleIt is called “reputational risk.” But make no mistake: this is not risk management. This is economic warfare. Nedbank has ...
On March 20, the OCC announced that it will no longer treat reputation risk as a standalone category in its supervision of national banks and federal savings associations. The decision marks a ...
The US Federal Deposit Insurance Corporation, an independent agency of the federal government, is reportedly moving to stop using the “reputational risk” category as a way to supervise banks.
In the end, AI can be either a company’s greatest asset or its biggest liability—and the difference lies in how wisely it is used.
SC, said Jonathan Gould will stop “politically motivated debanking,” while Sen. Elizabeth Warren, D-MA, asserted Gould’s ...
U.S. national banks have been told by the Office of the Comptroller of the Currency that they'll no longer have to answer how controversial customers might damage their reputations — a point ...
Reps. Andy Barr, R-KY and Ritchie Torres, D-NY, introduced Wednesday a House version of a bill that would phase out reputational risk as a metric in bank supervision. The measure is aimed at ...
The Federal Deposit Insurance Corp. aims to eliminate reputational risk from all supervision, the second bank regulator to do so as the Trump administration seeks to curb what it calls the debanking ...
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