OCC, FDIC Eliminating ‘Reputational Risk’ from Supervision, Examinations

The OCC has removed “reputational risk” from its handbooks and guidance and the FDIC is moving to do the same.

The OCC’s decision supports “the OCC’s mission and its supervisory objectives to ensure that banks have appropriate and strong risk management processes for their business activities, treat customers fairly, and comply with applicable laws and regulations,” the agency said, in announcing the move.