14 Mar 2025
🏦FDIC Withdraws Proposed Banking Regulations Affecting Corporations
Unsafe and Unsound Banking Practices: Brokered Deposits Restrictions; Guidelines Establishing Standards for Corporate Governance and Risk Management for Covered Institutions With Total Consolidated Assets of $10 Billion or More; Regulations Implementing the Change in Bank Control Act; Withdrawal
Summary
The Federal Deposit Insurance Corporation (FDIC) is withdrawing notices of proposed rulemaking relating to brokered deposit restrictions, corporate governance and risk management, and the Change in Bank Control Act. If the FDIC decides to pursue future regulatory action in any of these areas, it will issue a new proposed rule.
Agencies
- Federal Deposit Insurance Corporation
Business Impact
$$ - Med
The withdrawal of proposed rules regarding brokered deposits, corporate governance, and the Change in Bank Control Act indicates changes in regulatory compliance for businesses, particularly banks with large consolidated assets. This could affect risk management strategies and operational procedures for institutions.