Kiah Lau Haslett is a bank reporter (she/her)
@khaslett
"Kiah like the car." Creator, Fintech Takes Banking. Midwestern nice. Bank nerd. Reader, runner, steak + soccer lover. Opinions are my own.
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The FDIC reviewed all its outstanding matters requiring board attention and supervisory recommendations under its newly finalized unsafe or unsound practices/MRAs approach.
The agency:
- determined "the large majority of outstanding supervisory criticisms do not meet the standard"
- closed out those supervisory criticisms if they weren't already
- converted the "many" outstanding supervisory criticisms that do meet the new standard to MRAs
Chairman Hill's statement here:
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