US regulators finalize unsafe bank rules
U.S. banking regulators have finalized rules establishing formal definitions for unsafe practices to guide examiners. The Office of the Comptroller of the Currency and the FDIC issued the standards to provide clarity during bank examinations.
Two top United States banking regulators established formal definitions for unsafe bank practices on Thursday morning, giving examiners standardized rules to police lenders. The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation finalized the framework after first proposing it in October. The rules mark the first time government overseers have formally codified improper bank actions.
