Effective Date Set For FDIC Codification Of Supervisory Guidance

CW
Cadwalader, Wickersham & Taft LLP

Contributor

Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
The effective date for the FDIC's version of a joint rulemaking that codifies a 2018 Interagency Statement Clarifying the Role of Supervisory Guidance was set for April 1, 2021.
United States Finance and Banking

The effective date for the FDIC's version of a joint rulemaking that codifies a 2018 Interagency Statement Clarifying the Role of Supervisory Guidance was set for April 1, 2021.

The joint final rule was adopted in conjunction with the OCC, Federal Reserve Board, National Credit Union Administration ("NCUA") and CFPB. The OCC and CFPB final rules have already been published in the Federal Register with an effective set for March 15, 2021; the FRB and NCUA have yet to publish their respective rule releases in the Federal Register.

Primary Sources

  1. Federal Register: Role of Supervisory Guidance

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More