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Fed Moves to End ‘Reputation Risk’ in Bank Supervision Amid Crypto Debanking Concerns
According to the latest industry reports, the Federal Reserve (Fed) is proposing the removal of “reputation risk” as an explicit category in its bank supervision framework. The proposal is open to the public for a 60-day period, allowing market participants to have their say on the possibility of stripping banks of the reputation risk and supervision threats. The move comes amid ongoing debates over banks limiting services for cryptocurrency firms and customers. However, with the change detailed in a recent policy proposal, which is aimed at refining supervisory language and potentially alleviating concerns that ... (full story)
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