The Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) issued a joint notice of proposed rulemaking to further focus supervision and enforcement on material financial risks. The proposal would define “unsafe or unsound practice” for purposes of section 8 of the Federal Deposit Insurance Act and revise the supervisory framework for issuing matters requiring attention (MRAs) and other supervisory communications. The proposed definition would establish a uniform standard for the agencies’ enforcement and supervisory authority under 12 U.S.C. 1818, aimed at increasing clarity and certainty and prioritizing material financial risks over concerns related to policies, process, documentation, and other nonfinancial risks. It would also set uniform standards for when and how the agencies communicate MRAs and non-binding supervisory observations during examinations; the FDIC stated the content applies to all FDIC-supervised financial institutions. Comments are due 60 days after publication in the Federal Register.
Federal Deposit Insurance Corporation 2025-10-07
Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency propose defining unsafe or unsound practices and revising standards for matters requiring attention
The FDIC and OCC issued a joint notice of proposed rulemaking to enhance supervision and enforcement of material financial risks. The proposal aims to define "unsafe or unsound practice" under section 8 of the Federal Deposit Insurance Act and revise the supervisory framework for matters requiring attention. It seeks to establish uniform standards for enforcement authority and supervisory communications for all FDIC-supervised institutions.