Guidelines Establishing Standards for Corporate Governance and Risk Management for Covered Institutions With Total Consolidated Assets of $10 Billion or More
12 CFR Part 360 RIN 3064–AF94
Notice of proposed rulemaking and issuance of guidelines
88 FR 70391
Comment Period End: December 11, 2023
Extension of Comment Period 88 FR 84089
Extended Comment Period End: February 9, 2024
Proposed rule; withdrawal 90 FR 12115
Dates: The FDIC is withdrawing the proposed rules published at 89 FR 68244 (August 23, 2024), 88 FR 70391 (October 11, 2023), and 89 FR 67002 (August 19, 2024) as of March 14, 2025
Summary: The FDIC is proposing to issue a new appendix C to standards for safety and soundness in 12 CFR part 364, with conforming amendments to part 308, to provide Guidelines to FDIC-supervised institutions with total consolidated assets of $10 billion or more. The Guidelines are intended to set the FDIC’s expectations for covered institutions regarding corporate governance, risk management, and the board of director’s oversight. These expectations include a risk management program with a three-lines-of-defense model, held accountable by the CEO and the board, and would include responsibilities of the independent risk management unit, audit unit, and front line units.
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