Feds Clarify Role of Supervisory Guidance Featured

By Staff Writer September 12, 2018

Five federal agencies issued a joint statement explaining the role of supervisory guidance for regulated institutions.


The agencies are: the Federal Reserve Board, the Bureau of Consumer Financial Protection, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency. The statement confirms that supervisory guidance does not have the force and effect of law, and the agencies do not take enforcement actions based on supervisory guidance. 


The joint statement explains that supervisory guidance can outline the agencies’ supervisory expectations or priorities and articulate the agencies’ general views regarding appropriate practices for a given subject area.

Last modified on Wednesday, 12 September 2018 20:24

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