The Fed also said it will retrain supervisors so that the new rule is applied the same way for every bank. It added that the move does not mean banks can be careless. They still need strong systems to manage risk and follow the rules.
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Fed Drops ‘Reputational Risk’ Checks, Is it Good for Crypto?
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Federal Reserve will retrain supervisors to ensure that the removal of reputational risk from bank examinations is applied uniformly across all Board-supervised banks
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Federal Reserve Board states that safety and soundness expectations for banks remain unchanged despite the elimination of reputational risk as a supervisory component of bank examination programs
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