OCC and FDIC Implement New Bank Supervision Standards Without Federal Reserve Participation

The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) have finalized new standards for bank supervision. Notably, the Federal Reserve did not participate in this regulatory action. This divergence suggests potential differences in supervisory approaches among key US financial regulators, particularly concerning the Fed's role as a holding company regulator. This could lead to varied interpretations and applications of oversight across the banking sector.