<ul><li>The US Federal Deposit Insurance Corporation (FDIC) is moving to stop using the "reputational risk" category as a way to supervise banks.</li><li>According to a letter by the FDIC's acting chairman, they believe that activities that could threaten a bank's reputation fall under traditional risk categories that supervisors already focus on.</li><li>The FDIC has completed a review of all mentions of reputational risk in its regulations and policy documents and plans to eradicate this concept from their regulatory approach.</li><li>The FDIC is working on a new direction for digital asset policy, aiming to provide banks a way to engage with digital assets.</li></ul>

FDIC moves to eradicate ‘reputational risk’ category from bank exams

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