Role of Supervisory Guidance

Activity

Bank Policy Institute filed 1 comment on this docket between Dec 10, 2020 and Dec 10, 2020. 9 other organizations filed here. The comment window closed 2031d ago.

What Bank Policy Institute filed (1)

Abstract

The OCC, Board, FDIC, NCUA, and Bureau (collectively, the agencies) are inviting comment on a proposed rule that would codify the Interagency Statement Clarifying the Role of Supervisory Guidance issued by the agencies on September 11, 2018 (2018 Statement). By codifying the 2018 Statement, the proposed rule is intended to confirm that the agencies will continue to follow and respect the limits of administrative law in carrying out their supervisory responsibilities. The 2018 Statement reiterated well-established law by stating that, unlike a law or regulation, supervisory guidance does not have the force and effect of law. As such, supervisory guidance does not create binding legal obligations for the public. The proposal would also clarify that the 2018 Statement, as amended, is binding on the agencies.

• Bank Policy InstituteTHIS ORG

  1 filing · confidence 97%
• American Bankers Associationtrade assoc.

  1 filing · confidence 97%
• Community Bankers Association of Illinoistrade assoc.

  1 filing · confidence 85%
• Consumer Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Florida International Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Independent Bankers Association of Texas 1trade assoc.

  1 filing · confidence 85%
• Independent Bankers Association of Texas 2trade assoc.

  1 filing · confidence 85%
• Iowa Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Loan Syndications and Trading Associationtrade assoc.

  1 filing · confidence 85%
• The U. S. Chamber of Commerce’s Center for Capital Markets Competitivenesstrade assoc.

  1 filing · confidence 85%