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Fed removes "reputational risk" from bank exams, signals easing on crypto supervision
Summary
The Federal Reserve told House lawmakers it has removed ‘‘reputational risk’’ from bank examinations and has scaled back supervisory statements that deterred regulated banks from engaging with crypto firms.
The Federal Reserve announced to the committee that it no longer will consider “reputational risk” as a component in bank examinations, and that the central bank has ended elements of its “novel activities” supervision program that previously created caution among banks considering work with digital asset firms.
Representative Scott Stile and other members described reputational risk as an opaque supervisory lever that had been used to push banks away from clients and sectors…
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