The Federal Reserve Board released information on enhancements to bank supervision, including new supervisory operating principles distributed to Federal Reserve supervisory leadership and staff. The principles are intended to focus examiners on material financial risks to banks’ safety and soundness and on taking timely, proportionate action to ensure those risks are addressed. The operating principles align bank examinations and ratings to material financial risks, aim to reduce duplication between examinations conducted by different supervisors, and seek to streamline remediation of issues identified by supervisors. The Federal Reserve is training examiners to support prompt implementation. Supervision leadership will continue refining the principles and expects to formalize them through public supervisory guidance or regulatory changes where appropriate.