OCC ends reputation risk examinations amid backlash from the crypto industry over debanking
Article
Publish date
Mar 20, 2025 - 12:00am
Publisher
The Block
Web URL
https://www.theblock.co/post/347391/occ-ends-reputation-risk-examinations-amid-backlash-from-the-crypto-industry-over-debanking
Referenced by
The Federal Reserve defines reputational risk as the "potential that negative publicity regarding an institution's business practices, whether true or not, will cause a decline in the customer base, costly litigation, or revenue reductions."
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The U.S. Office of the Comptroller of the Currency said it has ended examining national banks and other financial institutions for reputation risk following condemnation from the crypto industry over being cut out from the financial sector.
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The OCC also recently set out to clarify that crypto activities are allowed in the federal banking system, representing a major reversal of its previous position.
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