🚨Big Breaking🚨
📊On June 23, 2025, the Federal Reserve announced it will eliminate “reputational risk” from its bank examination criteria, removing all references from supervisory manuals and refocusing assessments on concrete financial exposures.
📊This change brings the Fed into alignment with the OCC and FDIC, which have already dropped the subjective standard. Examiners will receive specialized training to ensure consistent implementation across all Board-supervised institutions. The Fed emphasized that banks must continue to maintain robust risk management frameworks and uphold safety and soundness standards.
📊While reputational risk is no longer a formal exam element, banks may still factor it into their own internal decision-making—potentially lowering barriers for institutions seeking to offer cryptocurrency services and spurring innovation in digital finance.
$BTC to the moon