The Federal Reserve Board, the FDIC and the OCC issued final guidance for banking organizations on managing the risks associated with third-party relationships.
In a report highlighting its activities during 2022, the FDIC Office of the Ombudsman highlighted "[i]nsufficient or delayed communication" with bank management during the FDIC examination process and "[l]imitations in core banking systems" as causes for stakeholder concern.
Banking agencies proposed a rule that would require mortgage originators and secondary market issuers to "adopt policies, practices, procedures, and control systems to ensure that automated valuation models used in certain credit decisions or covered securitization determinations adhere to quality control standards."
FDIC Chair Martin J. Gruenberg highlighted agency initiatives to promote inclusion within the U.S. banking system.
The FDIC set a comment deadline of July 21, 2023 for proposed special assessments to recover losses to the Deposit Insurance Fund that resulted from the FDIC making whole all uninsured depositors of Silicon Valley Bank and Signature Bank.