Fed joins regulators dropping reputational risk factor, clearing banks to serve crypto firms

Description

The Federal Reserve joined the FDIC and OCC in eliminating reputational risk from oversight, instructing examiners to focus on measurable risks and signaling openness to regulated crypto activities.

Authors

Gino Matos

Publish date

June 23, 2025

Publisher

CryptoSlate

Web URL

https://cryptoslate.com/fed-joins-regulators-dropping-reputational-risk-factor-clearing-banks-to-serve-crypto-firms

Referenced by

Fed eliminates reputational risk from supervisory framework

Crypto news

News story

Together, the three regulators oversee every federally insured depository institution. Their coordinated revisions eliminate a subjective standard that experts said allowed examiners to block banking services to crypto firms.

Crypto news

Quote

The Federal Reserve Board on June 23 removed reputational risk from its bank supervision program, ordering staff to strike the term from examination manuals and to concentrate on measurable financial exposures.

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Quote