Fed Unveils Big Bank Supervision Manual in Bid for Transparency

The Federal Reserve published a staff manual for the supervision of large lenders, part of an effort to provide more transparency as the agency reshapes its bank oversight.

“By enhancing our supervisory transparency, we are holding ourselves to high standards and ensuring that we execute our responsibilities appropriately and fairly,” Fed Vice Chair for Supervision Michelle Bowman said in a statement on Thursday.

Trump-era regulators have said they will no longer consider reputation risk as part of bank exams, after calls from some Republican lawmakers to end a practice critics have viewed as unfair.

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