ABA Welcomes Fed Principles to Improve Bank Supervision

“We welcome today’s new supervisory operating principles from the Federal Reserve directing bank examiners to focus on material financial risks affecting safety and soundness. As Vice Chairman Bowman has made clear, by prioritizing the most significant risks facing banks the Fed will be strengthening supervision while allowing banks to better serve their customers, clients and communities. The Fed’s action follows similar efforts from the OCC and FDIC focused on making sure bank supervision is properly tailored, and we look forward to working with the prudential regulators to maintain the strength and resiliency of the banking system.”

Additional Background:

Below are some recent ABA statements on the importance of improving the bank supervisory process to ensure examiners focus on financial risk:

ABA Welcomes Treasury and Fed Support for Regulatory Changes to Help America’s Community Banks

ABA Statement on Regulatory Proposals Refocusing Bank Supervision on Fundamental Financial Risks

ABA Applauds OCC Actions to Reduce Regulatory Burden for Community Banks

Additionally, earlier this year ABA published a series of ABA Viewpoint blog posts detailing the importance of indexing supervisory thresholds to ensure that supervisory frameworks remain aligned with the intended risk profiles of institutions and other policy objectives:

ABA Viewpoint: A new front for the Trump administration in the war on inflation

ABA Viewpoint: The best way to index supervisory thresholds

ABA Viewpoint: Toward a smarter framework for bank asset thresholds

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $25 trillion banking industry, which is composed of small, regional and large banks that together employ approximately 2.1 million people, safeguard $19.7 trillion in deposits and extend $13.1 trillion in loans.

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