The joint press release from the Board of Governors of the Federal Reserve, the FDIC, and the OCC on June 2, 2026 announced that the agencies have removed references to reputation risk from certain interagency supervisory documents. This update follows earlier actions that ended the use of reputation risk in bank supervision. The move is intended to prevent misuse of reputation risk by supervisors and to ensure that supervisory decisions focus on material financial risks. The agencies said the changes will improve clarity and precision in supervisory decision‑making. They also noted that they will continue reviewing supervisory materials and may update additional documents as appropriate.
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